A series of year end payment extending over ten years are as follows: 5000 for the first y 10000 for the second year; and 20000 for each year from the 3d to the 4". Find the equiva annual worth of these pavments if the annual interest is 8%?

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A series of year end payment extending over ten years are as follows: 5000 for the first year;
10000 for the second year; and 20000 for each year from the 3d to the 4". Find the equivalent
annual worth of these payments if the annual interest is 8%?
Transcribed Image Text:A series of year end payment extending over ten years are as follows: 5000 for the first year; 10000 for the second year; and 20000 for each year from the 3d to the 4". Find the equivalent annual worth of these payments if the annual interest is 8%?
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