Derive an equation to find the end of year future sum F that is equivalent to a

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Derive an equation to find the end of year future sum F that is equivalent to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F equivalent to six B payments of $100 at 8% interest.

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 06:56 AM

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Derive an equation to find the end of year future sum F that is equivalent to a

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1 F B 1 i n B 1 i 1 Divide equation 1 by 1 i 2 F 1 i 1 B 1 i n1 ...View the full answer

Engineering Economic Analysis

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