Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:21 What is the equivalent annual cost for a project that requires a $40,000 investment at time-period
zero, and a $10,000 annual expense during each of the next 4 years, if the opportunity cost of
capital is 10%?
g
OD
A $20,000.00
B. $21,356.95
С.
$22,618.83
D. $25,237.66
O A OB
ос
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