For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $2,000 if the interest rate is 5% per year. Year 0 1 2 Cash Flow 200 0 500 3 4 5 6 500-G 500-2G 500-3G 500-4G Click the icon to view the interest and annuity table for discrete compounding when the MARR is 5% per year. The value of G that makes the present worth in year 0 equal to $2,000 is $ (Round to the nearest cent.)
For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $2,000 if the interest rate is 5% per year. Year 0 1 2 Cash Flow 200 0 500 3 4 5 6 500-G 500-2G 500-3G 500-4G Click the icon to view the interest and annuity table for discrete compounding when the MARR is 5% per year. The value of G that makes the present worth in year 0 equal to $2,000 is $ (Round to the nearest cent.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $2,000 if the interest rate is 5% per year.
Year
0
1
2
Cash Flow
200
0
500
3
4
5
6
500-G
500-2G
500-3G
500-4G
Click the icon to view the interest and annuity table for discrete compounding when the MARR is 5% per year.
The value of G that makes the present worth in year 0 equal to $2,000 is $
(Round to the nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92dd192b-2b85-4e23-91c3-a8e23aec13bb%2F19cd5141-111c-4f63-888e-88e1e8da3196%2F2cqt3if.jpeg&w=3840&q=75)
Transcribed Image Text:For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $2,000 if the interest rate is 5% per year.
Year
0
1
2
Cash Flow
200
0
500
3
4
5
6
500-G
500-2G
500-3G
500-4G
Click the icon to view the interest and annuity table for discrete compounding when the MARR is 5% per year.
The value of G that makes the present worth in year 0 equal to $2,000 is $
(Round to the nearest cent.)
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