For the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in years 1 through 7 $500. The interest rate is 6.00% per year. (Round the final answer to three decimal places) Year Cash flow, $ G01-103 2 225.0 225.0+ G 225.0+2G Year 4 5 6 7 Cash flow, $ 225.0+3G 225.0+4G 225.0+5G 225.0+6G

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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For the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in years 1 through 7 equal to
$500. The interest rate is 6.00% per year. (Round the final answer to three decimal places.)
Cash flow, $
Year
0
1
2
3
The value of G is $
225.0
225.0+ G
225.0+2G
Year
4
5
16
Cash flow, $
225.0+36
225.0+4G
225.0+5G
225.0+66
Transcribed Image Text:For the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in years 1 through 7 equal to $500. The interest rate is 6.00% per year. (Round the final answer to three decimal places.) Cash flow, $ Year 0 1 2 3 The value of G is $ 225.0 225.0+ G 225.0+2G Year 4 5 16 Cash flow, $ 225.0+36 225.0+4G 225.0+5G 225.0+66
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