For the cash flows below, find the value of x that makes the equivalent annual worth in
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For the cash flows below, find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $300 per year. Use an interest rate of 10% per year. Show solutions
(a) By hand
(b) Using the Goal Seektool.
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Year Cash Flow, $ 200 200 200 200 Year Cash Flow, $ 200 200 200
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a 300 200AP 10 7 200PA 10 3AP 10 7 xPF 10 4 AP 10 7 200FA 10 3AF 10 7 300 2000...View the full answer
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