Determine the closest value of x in the following cash flow diagram that would make the equivalent present worth of all cash flows equals $20,000 at year zero, if the interest rate is 12% per year. A B C D 0 12 $9,470 $7,320 $32,220 $25,550 5.x A = $1,000 ÎÎÎÎÎÎ. I 3 4 5 6 7 8 9 10 11

Determine the closest value of x in the following cash flow diagram that would make the equivalent present worth of all cash flows equals $20,000 at year zero, if the interest rate is 12% per year. A B C D 0 12 $9,470 $7,320 $32,220 $25,550 5.x A = $1,000 ÎÎÎÎÎÎ. I 3 4 5 6 7 8 9 10 11

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Give only typing answer with explanation and conclusion

Determine the closest value of x in the following
cash flow diagram that would make the
equivalent present worth of all cash flows
equals $20,000 at year zero, if the interest rate
is 12% per year.
A
B
D
O 12
$9,470
$7,320
$32,220
$25,550
A = $1,000
↑↑
3 4 567
5.x
8 9 10 11

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