For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $1,500 if the interest rate is 7% per year Year Cash Flow 0 200 1 0 2 3 700 700-G 4 700-2G 5 6 700-3G 700-4G Click the icon to view the interest and annuity table for discrete compounding when the MARR is 7% per year. The value of G that makes the present worth in year 0 equal to $1,500 is $ (Round to the nearest cent.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $1,500 if the interest rate is 7% per year.
Year
0
Cash Flow
200
1
0
2
3
700
700-G
4
5
6
700-2G
700-3G
700-4G
Click the icon to view the interest and annuity table for discrete compounding when the MARR is 7% per year.
The value of G that makes the present worth in year 0 equal to $1,500 is $
(Round to the nearest cent.)
Transcribed Image Text:For the cash flows given below, determine the value of G that makes the present worth in year 0 equal to $1,500 if the interest rate is 7% per year. Year 0 Cash Flow 200 1 0 2 3 700 700-G 4 5 6 700-2G 700-3G 700-4G Click the icon to view the interest and annuity table for discrete compounding when the MARR is 7% per year. The value of G that makes the present worth in year 0 equal to $1,500 is $ (Round to the nearest cent.)
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