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Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in year 0 was $396,000 at an interest rate of 11.00% per year. Calculate the value of x. (Enter your answer in thousands of dollars.) Year Cash flow, $×1000 0 1 2 3 4 5 6 40 X 40 40 X 40 40 The value of x is determined to be $

Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in year 0 was $396,000 at an interest rate of 11.00% per year. Calculate the value of x. (Enter your answer in thousands of dollars.) Year Cash flow, $×1000 0 1 2 3 4 5 6 40 X 40 40 X 40 40 The value of x is determined to be $

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in year 0 was $396,000 at an interest rate of 11.00% per year. Calculate the value of x. (Enter your answer in thousands of dollars.) Year Cash flow, $×1000 0 1 2 3 4 5 6 40 X 40 40 X 40 40 The value of x is determined to be $
Transcribed Image Text:Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in year 0 was $396,000 at an interest rate of 11.00% per year. Calculate the value of x. (Enter your answer in thousands of dollars.) Year Cash flow, $×1000 0 1 2 3 4 5 6 40 X 40 40 X 40 40 The value of x is determined to be $
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