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An investor is told that the following cash flow profile has a present value of $12,000 assuming that the money received at each time period is placed into an account where it earns 17% annually. For what value of X will this be true? Year Cash Flow 1 Click here to access the TVM Factor Table calculator. 2 3 5 6 7 $1,600 $1,700 X X $2,600 $1,700 $600

An investor is told that the following cash flow profile has a present value of $12,000 assuming that the money received at each time period is placed into an account where it earns 17% annually. For what value of X will this be true? Year Cash Flow 1 Click here to access the TVM Factor Table calculator. 2 3 5 6 7 $1,600 $1,700 X X $2,600 $1,700 $600

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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An investor is told that the following cash flow profile has a present value of $12,000 assuming that the money received at each time period is placed into an account where it earns 17% annually. For what value of X will this be true? Year Cash Flow 1 Click here to access the TVM Factor Table calculator. LA $ 7308 2 3 5 6 7 $1,600 $1,700 X X $2,600 $1,700 $600
Transcribed Image Text:An investor is told that the following cash flow profile has a present value of $12,000 assuming that the money received at each time period is placed into an account where it earns 17% annually. For what value of X will this be true? Year Cash Flow 1 Click here to access the TVM Factor Table calculator. LA $ 7308 2 3 5 6 7 $1,600 $1,700 X X $2,600 $1,700 $600
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