Fill in the table below when P= $10,000, S=$2,000 (at the end of four years), and i= 15% per year. What is the equivalent uniform CR? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 15% per year.
Fill in the table below when P= $10,000, S=$2,000 (at the end of four years), and i= 15% per year. What is the equivalent uniform CR? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 15% per year.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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I want to know how calculate CR and please don't give handwritten answer.. Thanks
Transcribed Image Text:Fill in the table below when P= $10,000, S = $2,000 (at the end of four years), and i = 15% per year. What is the equivalent uniform CR?
Click the icon to view the interest and annuity table for discrete compounding when the MARR is 15% per year.
Complete the accompanying table. (Round to the nearest dollar.)
Opportunity Cost
of Interest
(i=15%)
$ 1500
1050
750
450
Year
1
2
3
4
Investment
at Beginning
of Year
$10,000
7000
5000
3000
The equivalent uniform CR is
(Round to the nearest cent.)
Loss in Value
of Asset
During Year
$3,000
2,000
2,000
1000
Capital
Recovery
Amount for Year
$ 4500
3050
2750
1450
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