A series of 10 annual payments of $8,000 is equivalent to four equal payments at the end

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A series of 10 annual payments of $8,000 is equivalent to four equal payments at the end of years 6, 10, 12, and 15 when the interest rate is 10% compounded annually. What is the amount of these four payments?

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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: May 17, 2016 05:49 AM

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A series of 10 annual payments of $8,000 is equivalent to four equal payments at the end

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Engineering Economy

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