The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4% compounded annually is closest to:

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.1: Basic Assumptions
Problem 9WE
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The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4% compounded annually is closest to:

$800
$500
$500
$500
Year
2
3
i compunded annually
$1000
P=?
4,
Transcribed Image Text:$800 $500 $500 $500 Year 2 3 i compunded annually $1000 P=? 4,
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