What single amount at the end of the fifth year is equivalent to a uniform annual series

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What single amount at the end of the fifth year is equivalent to a uniform annual series of $10,000 per year for 12 years? The interest rate is 7% compounded annually.

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Engineering Economy

ISBN: 978-0132554909

15th edition

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

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Question Posted: May 17, 2016 05:50 AM

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What single amount at the end of the fifth year is equivalent to a uniform annual series

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40A 35 million 39 million thus A 1850000 We also kn...View the full answer

Engineering Economy

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