Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Textbook Question
Chapter 2, Problem 72P
The present worth in year 10 of a decreasing geometric gradient series was calculated using tabulated factors to be $80,000. If the interest rate was 10% per year and the annual rate of decrease was 8% per year, determine the cash flow amount in year 1 using (a) tabulated factors, and (b) the Goal Seek tool in Excel. (Hint: See Appendix A, section A.4).
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Chapter 2 Solutions
Basics Of Engineering Economy
Ch. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10P
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