Some money flowing out of the cash flow in Year 2 will be required for the Year

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Some money flowing out of the cash flow in Year 2 will be required for the Year 3 investment of $100. At 10% external interest, $90.91 at Year 2 becomes the required $100 at Year 3.
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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