Find the value of x that makes the equivalent annual worth in years 1 through 10 equal to $800 per year. Use an interest rate of 10% per year. The cash flows in year 0 and year 10 has an unknown value x, and 1 through 9 has an annual worth of $800. The value of x is determined to be $.....

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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Find the value of x that makes the equivalent annual worth in years 1 through 10 equal to $800 per year. Use an interest rate of 10% per year.

The cash flows in year 0 and year 10 has an unknown value x, and 1 through 9 has an annual worth of $800.

The value of is determined to be $.....

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