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COY NCF ($) -1,000 1 500 2 600 3 700 4 800

COY NCF ($) -1,000 1 500 2 600 3 700 4 800

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 3CQQ
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Using an interest table gradient series factor, write an equation to find the Present Worth (at EOY 0) of the following series of payments. Interest is 5%. ΕΟΥ NCF ($) -1,000 1 500 600 3 700 4 800 900
Transcribed Image Text:Using an interest table gradient series factor, write an equation to find the Present Worth (at EOY 0) of the following series of payments. Interest is 5%. ΕΟΥ NCF ($) -1,000 1 500 600 3 700 4 800 900
Using an interest table gradient series factor, write an equation to find the Present Worth (at EOY 0) of the following series o payments. Interest is 7%. EOY NCF ($) -1,000 1 2 3 400 4 800 1200 Select the correct response: P=- 1,000 + 400 (P/G,7%,3) (P/F,7%,2) P=- 1,000 + 400 (P/A,7%,3) + 400 (P/G,7%,3) - 1,000 + 400 (P/G,7%,4) (P/F,7%,1) P=- 1,000 + 400 (P/G,7%,4)
Transcribed Image Text:Using an interest table gradient series factor, write an equation to find the Present Worth (at EOY 0) of the following series o payments. Interest is 7%. EOY NCF ($) -1,000 1 2 3 400 4 800 1200 Select the correct response: P=- 1,000 + 400 (P/G,7%,3) (P/F,7%,2) P=- 1,000 + 400 (P/A,7%,3) + 400 (P/G,7%,3) - 1,000 + 400 (P/G,7%,4) (P/F,7%,1) P=- 1,000 + 400 (P/G,7%,4)
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