A series of four annual constant-dollar payments beginning with $10,000 at the end of the first year is growing at the rate of 8% per year. Assume that the base year is the current year (n= 0). The market interest rate is 15% per year and the general inflation rate (f) is 7% per year. (a) Find the present worth of this series of payments, based on constant-dollar analysis The present worth is $ (Round to the nearest dollar.) don't use excel.

A series of four annual constant-dollar payments beginning with $10,000 at the end of the first year is growing at the rate of 8% per year. Assume that the base year is the current year (n= 0). The market interest rate is 15% per year and the general inflation rate (f) is 7% per year. (a) Find the present worth of this series of payments, based on constant-dollar analysis The present worth is $ (Round to the nearest dollar.) don't use excel.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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