6. Consider the following cash flow series, Aj=1,500 Az=3,000 A3=4,500 A4=6,000 As=7,500 A6-9,000 A-10,500 Aş=12,000 A9=13,500 A10=15,000 and A1=16,500 a. Determine the present worth and the future worth based on an interest rate of 15%. b. Determine the equivalent annual cost for the given cash flow series.
6. Consider the following cash flow series, Aj=1,500 Az=3,000 A3=4,500 A4=6,000 As=7,500 A6-9,000 A-10,500 Aş=12,000 A9=13,500 A10=15,000 and A1=16,500 a. Determine the present worth and the future worth based on an interest rate of 15%. b. Determine the equivalent annual cost for the given cash flow series.
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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