Calculate the perpetual equivalent annual cost (years 1 to ∞) of $925,000 now and $975,000, 3 years from now at an interest rate of 9% per year. The perpetual equivalent annual cost, (in $) Round off to the nearest two (2) decimal places Add your answer

Calculate the perpetual equivalent annual cost (years 1 to ∞) of $925,000 now and $975,000, 3 years from now at an interest rate of 9% per year. The perpetual equivalent annual cost, (in $) Round off to the nearest two (2) decimal places Add your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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14. Solve the given question and give the correct answer.

Calculate the perpetual equivalent annual cost (years 1 to ∞) of $925,000 now and $975,000, 3 years from now at an interest rate of
9% per year.
The perpetual equivalent annual cost, (in $)
Round off to the nearest two (2) decimal places
Add your answer

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