9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7. Solve for the present value, P, of the cash flows by using only two interest factors. The interest rate is 11% per year.
9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7. Solve for the present value, P, of the cash flows by using only two interest factors. The interest rate is 11% per year.
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 48P
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![9. A cash flow has the following income values: $100 at end of year 2, $200 at end of
year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7.
Solve for the present value, P, of the cash flows by using only two interest factors.
The interest rate is 11% per year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49394fd3-6bb6-46a6-8988-f4e668a66054%2Ff59f4c2b-ec1a-4bd5-9925-ad0fe169257c%2Fe3k22ph_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. A cash flow has the following income values: $100 at end of year 2, $200 at end of
year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7.
Solve for the present value, P, of the cash flows by using only two interest factors.
The interest rate is 11% per year.
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