WHAT ARE THE PRESENT WORTH AND THE ACCUMULATED AMOUNT OF A 10-YEAR ANNUITY PAYING $10,000 AT THE END OF EACH YEAR, WITH INTEREST AT 15% COMPOUNDED ANNUALLY?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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WHAT
ARE
THE
PRESENT
WORTH
AND
THE
ACCUMULATED AMOUNT OF A 10-YEAR ANNUITY PAYING
$10,000 AT THE END OF EACH YEAR, WITH INTEREST AT
15% COMPOUNDED ANNUALLY?
ANS SHOULD BE: P= $50,188 F= $203,037
Transcribed Image Text:WHAT ARE THE PRESENT WORTH AND THE ACCUMULATED AMOUNT OF A 10-YEAR ANNUITY PAYING $10,000 AT THE END OF EACH YEAR, WITH INTEREST AT 15% COMPOUNDED ANNUALLY? ANS SHOULD BE: P= $50,188 F= $203,037
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