For the following series of income and expenses, find the equivalent value in year 9 at an interest rate of 12% per year. Show all calculations Years Income $ Expense S -70000 zero 1-6 9000 -13000 7-9 28000 -14000 10-16 38000 -19000

For the following series of income and expenses, find the equivalent value in year 9 at an interest rate of 12% per year. Show all calculations Years Income $ Expense S -70000 zero 1-6 9000 -13000 7-9 28000 -14000 10-16 38000 -19000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For the following series of income and expenses, find the equivalent value in year 9 at an interest rate of 12% per year. Show all calculations.

| Years | Income $ | Expense $ |
|-------|----------|-----------|
| 0 | zero | -70,000 |
| 1-6 | 9,000 | -13,000 |
| 7-9 | 28,000 | -14,000 |
| 10-16 | 38,000 | -19,000 |

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