EOY Net Cash FloW -$18,000 +$1,800 +$2,160 +$2,592 +$4,100 +$2,700 +S3,000 +$3,300 +$3,600 1 3 4 5 7 8 For the cash flow profile given above, an expression showing the present worth for an interest rate of 5% per year compounded annually is

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Net Cash Flow
-$18,000
+S1,800
+$2,160
+$2,592
+$4,100
+$2,700
+$3,000
+S3,300
+$3,600
EOY
1
2
3
4
5
6.
7
8
For the cash flow profile given above, an expression showing the present worth for an interest rate of 5% per
year compounded annually is
PW =
_(P/A1-
5%,
( P/F 5%,
(РA 5%,
( P/G 5%,
} (P|F 5%,
Transcribed Image Text:Net Cash Flow -$18,000 +S1,800 +$2,160 +$2,592 +$4,100 +$2,700 +$3,000 +S3,300 +$3,600 EOY 1 2 3 4 5 6. 7 8 For the cash flow profile given above, an expression showing the present worth for an interest rate of 5% per year compounded annually is PW = _(P/A1- 5%, ( P/F 5%, (РA 5%, ( P/G 5%, } (P|F 5%,
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