The annual worth for years 1 through 7 of the cash flows shown is $35,000. What is the amount of x, the cash flow in year 3, at i- 8% per year? Write the basic set up equations, formulae used and all detailed calculations used to arrive your answer. The value or x as per your calculation is i= 7% per year 0. 1 3 4 6. Years 3000
The annual worth for years 1 through 7 of the cash flows shown is $35,000. What is the amount of x, the cash flow in year 3, at i- 8% per year? Write the basic set up equations, formulae used and all detailed calculations used to arrive your answer. The value or x as per your calculation is i= 7% per year 0. 1 3 4 6. Years 3000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The annual worth for years 1 through 7 of the cash flows shown is $35,000. What is the amount of x, the cash flow in year 3, at i - 8% per year?
Write the basic set up equations, formulae used and all detailed calculations used to arrive your answer.
The value or x as per your calculation is_
i= 7% per year
0.
1
4
6.
7
Years
3000
4000
2x
7000
8000
9000
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