Determine the future value in the 8th year of the cash flow diagram shown if the interestrate is 12% per year./28 Year3457P270P320P370P420P470P520P520

We are given, interest rate = 12% = 0.12 To find, Future value Solution, FV = P( 1 + i )n

Answered: etermine the future value lIn the 8ui…

etermine the future value lIn the 8ui year of the cash fiow dlagram shown If the Interest rate is 12% per year./ 1 2 3 8 Year 5 P270 P320 P370 P420 P470 P520 P520

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Determine the future value in the 8th year of the cash flow diagram shown if the interest
rate is 12% per year./
2
8 Year
3
4
5
7
P270
P320
P370
P420
P470
P520
P520

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