You are paying a series of five constant-dollar (or real-dollar) uniform payments of $642.19 beginning at the end of first year. Assume that the general inflation rate is 28.15% and the market interest rate is 28.15% during this inflationary period. The equivalent present worth of the project is: Enter your answer as follow: 1234.56

You are paying a series of five constant-dollar (or real-dollar) uniform payments of $642.19 beginning at the end of first year. Assume that the general inflation rate is 28.15% and the market interest rate is 28.15% during this inflationary period. The equivalent present worth of the project is: Enter your answer as follow: 1234.56

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 20P

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