For the following series of income and expenses, find the equivalent value in year 9 at an
Question:
For the following series of income and expenses, find the equivalent value in year 9 at an interest rate of 12% per year. Show
(a) Hand
(b) Spreadsheetsolutions.
Transcribed Image Text:
Years Income, $ 1-6 7-9 10-16 9,000 28,000 38,000 Expense, $ -70,000 -13,000 -14,000 -19,000
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a Amount year 9 70000FP 12 9 4000FA 12 6FP 12 3 14000FA 12 3 ...View the full answer
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