3.51 Find the equivalent present worth of the cash reæipts where i = 9%. In other words, how much do you have to deposit now (with the second deposit in the amount of $300 at the end of the first year) so that you will be able to withdraw $300 at the end of second year, $180 at the end of third year, and so forth if the bank pays you an 9% annual interest on your balance? $450 $300 $180 $180 2 3 4 5 Years $300
3.51 Find the equivalent present worth of the cash reæipts where i = 9%. In other words, how much do you have to deposit now (with the second deposit in the amount of $300 at the end of the first year) so that you will be able to withdraw $300 at the end of second year, $180 at the end of third year, and so forth if the bank pays you an 9% annual interest on your balance? $450 $300 $180 $180 2 3 4 5 Years $300
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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