An engineering project has an investment amount of $127083 with an annual net profit of $52659 for 5 years. If the interest rate and average inflation rate are 15% and 6%, respectively, calculate the present worth of the entire period
An engineering project has an investment amount of $127083 with an annual net profit of $52659 for 5 years. If the interest rate and average inflation rate are 15% and 6%, respectively, calculate the present worth of the entire period
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 3SCQ: Compute the inflation rate for fruit prices from 2001 to 2004.
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An engineering project has an investment amount of $127083 with an annual net profit of $52659 for 5
years. If the interest rate and average inflation rate are 15% and 6%, respectively, calculate the present worth
of the entire period.
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