Question: handwritten step by step solution please, engineering economics subject What is the present equivalent value (S billion) of the following proposed payment schedule: A payment

handwritten step by step solution please, engineering economics subject

handwritten step by step solution please, engineering economics subject What is the

What is the present equivalent value (S billion) of the following proposed payment schedule: A payment of S6 billion is made one year from now, and another payment of $5 billion two years from now. Twelve additional payments of $4.25 billion each year thereafter will result in a total of $62 billion having been paid. The interest rate is 3% per year. a. 40.99 b. 52.84 c. None of these answers d. 50.41

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