At an interest rate of 10% per year, determine the perpetual equivalent annual cost of: $70,000 now, $100,000 at the end of Year 6, and $10,000 per year from the end of Year 10 through infinity.
At an interest rate of 10% per year, determine the perpetual equivalent annual cost of: $70,000 now, $100,000 at the end of Year 6, and $10,000 per year from the end of Year 10 through infinity.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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At an interest rate of 10% per year, determine the perpetual equivalent annual cost of: $70,000 now, $100,000 at the end of Year 6, and $10,000 per year from the end of Year 10 through infinity.
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