An investment has infinite life. Its annual cost is $1400 for the first five years and $1600 per year thereafter. If the interest is 6% per annum, the present worth of the total amount invested is most nearly: Please explain in detail. Please write clean
An investment has infinite life. Its annual cost is $1400 for the first five years and $1600 per year thereafter. If the interest is 6% per annum, the present worth of the total amount invested is most nearly: Please explain in detail. Please write clean
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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An investment has infinite life. Its annual cost is $1400 for the first five years and $1600 per year thereafter. If the interest is 6% per annum, the present worth of the total amount invested is most nearly:
Please explain in detail.
Please write clean
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