Revenue from a sugar company was $31,000 in years 1 through 3 and then increased geometrically by

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Revenue from a sugar company was $31,000 in years 1 through 3 and then increased geometrically by 15% per year through year 7. Determine the equivalent annual income in years 1 through 7, using an interest rate of 10% per year.?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Mar 03, 2024 01:07 PM

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Revenue from a sugar company was $31,000 in years 1 through 3 and then increased geometrically by

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To determine the equivalent annual income for years 1 through 7 we need to calculate the present val... View the full answer

Engineering economy

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