Determine the annual equivalent amount over 4 years for the following cash flow (CF) pattern. The nominal

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Determine the annual equivalent amount over 4 years for the following cash flow (CF) pattern. The nominal interest rate is 10%, and it is compounded monthly.

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Question Posted: Dec 03, 2018 12:45 PM

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Determine the annual equivalent amount over 4 years for the following cash flow (CF) pattern. The nominal

Question:

ΕΟΥ CF -$7,500 -$2,000 $14,000 $18,000 $4,000 2 3

Step by Step Answer:

The effective annual interest rate is i 1 01012 12 ...View the full answer

Engineering Economy

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