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Consider the cash flow shown in the accompanying diagram. If the value of C is $102,645, calculate the value of X that makes the inflow series economically equivalent to the outflow series at an interest rate of 7% compounded annually. Note: Round off only your final answer to two decimal places and NO need to write the $ sign. сссссссс 0 1 2 3 4 5 6 7 8 9 10 11 12 X X X X X X X

Consider the cash flow shown in the accompanying diagram. If the value of C is $102,645, calculate the value of X that makes the inflow series economically equivalent to the outflow series at an interest rate of 7% compounded annually. Note: Round off only your final answer to two decimal places and NO need to write the $ sign. сссссссс 0 1 2 3 4 5 6 7 8 9 10 11 12 X X X X X X X

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
ChapterB: Differential Calculus Techniques In Management
Section: Chapter Questions
Problem 7E
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am. 113.

Consider the cash flow shown in the accompanying diagram. If the value of C is $102,645, calculate the value of X that makes the inflow series economically equivalent to the outflow series at an interest rate of 7% compounded annually. Note: Round off only your final answer to two decimal places and NO need to write the $ sign. сссссссс 0 1 2 3 4 5 6 7 8 9 10 11 12 X X X X X X X
Transcribed Image Text:Consider the cash flow shown in the accompanying diagram. If the value of C is $102,645, calculate the value of X that makes the inflow series economically equivalent to the outflow series at an interest rate of 7% compounded annually. Note: Round off only your final answer to two decimal places and NO need to write the $ sign. сссссссс 0 1 2 3 4 5 6 7 8 9 10 11 12 X X X X X X X
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