An amortization of a debt is as follows: 5,000 on the first year, $4,500 on the second year, $4,000 on the third year and $3,500 on the fourth year. What is the equivalent present worth of the debt if interest is 5%. A) 15,389.82 B) 15,178.35 C) 15,093.28 D) 15,890.12

An amortization of a debt is as follows: 5,000 on the first year, $4,500 on the second year, $4,000 on the third year and $3,500 on the fourth year. What is the equivalent present worth of the debt if interest is 5%. A) 15,389.82 B) 15,178.35 C) 15,093.28 D) 15,890.12

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An amortization of a debt is as follows: $5,000 on the
first year,
$4,500 on the second year, $4,000 on the
third year and $3,500 on the fourth year. What is the
equivalent present worth of the debt if interest is 5%.
A) 15,389.82
B) 15,178.35
C) 15,093.28
D) 15,890.12

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