Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
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Chapter 3, Problem 22P
To determine

Calculate the present value.

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What payment X 10 years from now is equivalent to a payment of P 1,0006 years from now, if interest is 15% compounded (a) annually, and (b) monthly?
What is the future worth of an equal-payment series of $5,000 per year for ten years if the interest rate is 8% compounded continuously?
It is said that a lump-sum amount of $50,000 at the end of five years is equivalent to an equal-payment series of $5,000 per year for 10 years, where the first payment occurs at the end of year 1. What earning interest is assumed in this calculation?
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