Hadji wants to find the equivalent annual cash flow for 9 years with interest rate of 15% compounded annually with initial payment of $2.800 in year 1 and amounts are increasing by $120 for each term. The answer is nearest to: $3,406 B $3,171 $2,982 $3,233

Hadji wants to find the equivalent annual cash flow for 9 years with interest rate of 15% compounded annually with initial payment of $2.800 in year 1 and amounts are increasing by $120 for each term. The answer is nearest to: $3,406 B $3,171 $2,982 $3,233

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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Question

Hadji wants to find the equivalent annual cash flow for 9 years with interest rate of 15% compounded annually with initial
payment of $2.800 in year 1 and amounts are increasing by $120 for each term. The answer is nearest to:
$3,406
B $3,171
$2,982
$3,233

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