Question 8 Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate pycd 8% Inflows Year Outflows 0 -P 12348 6 9 10 -2P -4P -8P -16P $3,786 O $4,376 O $5,172 O $5,246 $24,000 $30,000 $36,000 $42,000 $48,000 $54,000
Question 8 Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate pycd 8% Inflows Year Outflows 0 -P 12348 6 9 10 -2P -4P -8P -16P $3,786 O $4,376 O $5,172 O $5,246 $24,000 $30,000 $36,000 $42,000 $48,000 $54,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Question 8
Find the value of P for which the inflows will equal the outflows. Find the effective rate first.
Rate
pycd
8%
Inflows
Year Outflows
0 -P
1
2
3
4
5
6
7
8
9
10
-2P
-4P
-8P
-16P
O $3,786
O $4,376
O $5,172
O $5,246
$24,000
$30,000
$36,000
$42,000
$48,000
$54,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2265b8bc-4098-4545-ad65-d615bcfa6dec%2F3cad423f-009d-40ed-a405-9d69c86eaa56%2F943yo4a_processed.png&w=3840&q=75)
Transcribed Image Text:Question 8
Find the value of P for which the inflows will equal the outflows. Find the effective rate first.
Rate
pycd
8%
Inflows
Year Outflows
0 -P
1
2
3
4
5
6
7
8
9
10
-2P
-4P
-8P
-16P
O $3,786
O $4,376
O $5,172
O $5,246
$24,000
$30,000
$36,000
$42,000
$48,000
$54,000
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