Show all work. The answer must include PAINFG and the cash flow diagrams. P= Present value (this
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Show all work.
The answer must include PAINFG and the cash flow diagrams.
P= Present value (this value is not used in this problem) A = Annuity; this is the value that is given in this problem i = Effective interest rate n = Number of payments F = Future value; this is the value that we want to find in this problem (F= ?) G = Gradient value (this value is not used in this problem)
- Mary forgot that the RV needs maintenance and upkeep of the 20 years she owns the RV.If the annual cost of O&M is $3,000 per year, what is the present value of the maintenance (assume 3% inflation)?
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