The cash flow associated with a strip mining operation is expected to be P 2M in year 1, P 1.8M in year 2 and amounts decreasing by P 200k per year through 8. At an interest rate of 15% per year, the equivalent annual cash flow is nearest to:
The cash flow associated with a strip mining operation is expected to be P 2M in year 1, P 1.8M in year 2 and amounts decreasing by P 200k per year through 8. At an interest rate of 15% per year, the equivalent annual cash flow is nearest to:
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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![The cash flow associated with a strip mining operation is expected to be P 2M in
year 1, P 1.8M in year 2 and amounts decreasing by P 200k per year through 8. At
an interest rate of 15% per year, the equivalent annual cash flow is nearest to:
P 1,433,845
P1,492,139
P 1,417,371
P1,443,734](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f1e8e29-c224-4dc0-b533-9e5d4dacb769%2F0dc7e0e3-7572-4c54-984c-18fe4bbcbfb3%2Flf64eo_processed.png&w=3840&q=75)
Transcribed Image Text:The cash flow associated with a strip mining operation is expected to be P 2M in
year 1, P 1.8M in year 2 and amounts decreasing by P 200k per year through 8. At
an interest rate of 15% per year, the equivalent annual cash flow is nearest to:
P 1,433,845
P1,492,139
P 1,417,371
P1,443,734
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