Calculate the present worth of a geometric gradient series with a cash flow of $40,000 in year 1 and increases of 6% each year through year 10. The interest rate is 10% per year
Calculate the present worth of a geometric gradient series with a cash flow of $40,000 in year 1 and increases of 6% each year through year 10. The interest rate is 10% per year
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 19E
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ENGINEERING ECONOMY
- draw a cash flow diagram
Calculate the present worth of a geometric gradient series with a cash flow of $40,000 in year 1 and increases of 6% each year through year 10. The interest rate is 10% per year.
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