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 Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Mar 01, 2010 02:57 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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The solution may follow the general approach of the endofyear derivation in the book 1 F B 1 i n ...View the full answer

Engineering Economics

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