Find the net present worth of the following cash flow series at an interest rate of8%. End of Period Cash Flow 0 -$1,0001 -2,0002 3,0003 4,5004 1,500 (a) $4,067(b) $6,000(c) $4,394(d) $6,549
Find the net present worth of the following cash flow series at an interest rate of8%. End of Period Cash Flow 0 -$1,0001 -2,0002 3,0003 4,5004 1,500 (a) $4,067(b) $6,000(c) $4,394(d) $6,549
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Find the net present worth of the following cash flow series at an interest rate of8%.
End of Period Cash Flow
0 -$1,000
1 -2,000
2 3,000
3 4,500
4 1,500
(a) $4,067
(b) $6,000
(c) $4,394
(d) $6,549
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