or 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 10% per year. Year Cash flow, $ Year Cash flow, $ 0 4 50 + 3G 1 50 5 50 + 4G 2 50 + G 6 50 + 5G 3 50 + 2G 7 50 + 6G The value of G is $
or 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 10% per year. Year Cash flow, $ Year Cash flow, $ 0 4 50 + 3G 1 50 5 50 + 4G 2 50 + G 6 50 + 5G 3 50 + 2G 7 50 + 6G The value of G is $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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or 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 10% per year.
Year | Cash flow, $ | Year | Cash flow, $ |
0 | 4 | 50 + 3G | |
1 | 50 | 5 | 50 + 4G |
2 | 50 + G | 6 | 50 + 5G |
3 | 50 + 2G | 7 | 50 + 6G |
The value of G is $ .
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