An investment pays $5000 per year for 7 years. Real MARR is 7% per year and inflation is 5% per year. What is the Actual MARR? Round your final answer to ONE DECIMAL point. Round interim calculations to 4 decimal points. Do not include any any symbols such as percentage % sign, commas and/or spaces in your answer. Your answer should only include numbers with one decimal point. For example, if the correct answer is 25.347%, you should entel 25.3 as your answer. If you enter 25.35 or 25 or 25.0 or 25.3% or 0.253, your answer will get marked wrong.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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An investment pays $5000 per year for 7 years. Real MARR is 7% per year and
inflation is 5% per year. What is the Actual MARR?
Round your final answer to ONE DECIMAL point. Round interim calculations to 4
decimal points. Do not include any any symbols such as percentage % sign, commas
and/or spaces in your answer. Your answer should only include numbers with one
decimal point.
For example, if the correct answer is 25.347%, you should entel 25.3 as your
answer. If you enter 25.35 or 25 or 25.0 or 25.3% or 0.253, your answer will get
marked wrong.
Your Answer:
Answer
Transcribed Image Text:An investment pays $5000 per year for 7 years. Real MARR is 7% per year and inflation is 5% per year. What is the Actual MARR? Round your final answer to ONE DECIMAL point. Round interim calculations to 4 decimal points. Do not include any any symbols such as percentage % sign, commas and/or spaces in your answer. Your answer should only include numbers with one decimal point. For example, if the correct answer is 25.347%, you should entel 25.3 as your answer. If you enter 25.35 or 25 or 25.0 or 25.3% or 0.253, your answer will get marked wrong. Your Answer: Answer
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