Principles of Engineering Economic Analysis
Principles of Engineering Economic Analysis
6th Edition
ISBN: 9781118163832
Author: John A. White, Kenneth E. Case, David B. Pratt
Publisher: Wiley, John & Sons, Incorporated
Question
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Chapter 3, Problem 1PS
To determine

Calculate the future value.

Expert Solution & Answer
Check Mark

Explanation of Solution

Since the investment earns 8%, which is greater than the borrowing rate, the person preferred to ay by the method 4. Thus, the given statement is false.

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