For the cash flows below, determine the amount in year 1, if the annual worth in...
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For the cash flows below, determine the amount in year 1, if the annual worth in years 1 through 9 is $4,400 and the interest rate is 6.00% per year. Year 1 2 5 6 7 8 9 Cash, 0.060 0.060+40 0.060+800.060+120 0.060+160 0.060+200 0.060+240 0.060+280 0.060+320 $1000 (Round the final answer to three decimal places.) The amount in year 1 is $ 3 4 For the cash flows below, determine the amount in year 1, if the annual worth in years 1 through 9 is $4,400 and the interest rate is 6.00% per year. Year 1 2 5 6 7 8 9 Cash, 0.060 0.060+40 0.060+800.060+120 0.060+160 0.060+200 0.060+240 0.060+280 0.060+320 $1000 (Round the final answer to three decimal places.) The amount in year 1 is $ 3 4
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To find the amount in year 1 we need to calculate the present value of the cash flows using the g... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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