The following series of revenues and expenses in $1000 units were recorded by a mobile phone business.

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The following series of revenues and expenses in $1000 units were recorded by a mobile phone business. At a return rate of 10% per year, 

(a) Determine the net future worth in year 10.

(b) Did the owners make their expected 10% return? How do you know?

Year Revenues, $ Expenses, $ -2500 1-4 700 -200 5-10 2000 -300

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Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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