Use tabulated factors and a spreadsheet to determine the interest rate per period for the following rate of return equation: 0 = -40,000 + 8000(P/A,i*,5) + 8000(P/F,i*,8).
Use tabulated factors and a spreadsheet to determine the interest rate per period for the following rate of return equation: 0 = -40,000 + 8000(P/A,i*,5) + 8000(P/F,i*,8).
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 6P
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Use tabulated factors and a spreadsheet to determine the interest rate per period for the following rate of return equation: 0 = -40,000 + 8000(P/A,i*,5) + 8000(P/F,i*,8).
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