What single sum of money at the end of year 3 is equivalent to a payment series

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What single sum of money at the end of year 3 is equivalent to a payment series of \($10\),000 the first year, \($9\),000 the second year, . . . ,down to \($6\),000 the fifth year? Assume that money has a time value of 10 percent/year compounded annually.

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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