The future worth in year 8 for the cash flows shown is $28,00O. At an interest rate of 9% per year, what is the value, x, of the cash flow in year 4? 1 3 1000 1200 1400 1800 2000 2200 2400 The value of x is determined to be $

The future worth in year 8 for the cash flows shown is $28,00O. At an interest rate of 9% per year, what is the value, x, of the cash flow in year 4? 1 3 1000 1200 1400 1800 2000 2200 2400 The value of x is determined to be $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The future worth in year 8 for the cash flows shown is $28,00O. At an interest rate of 9% per year, what is the value, x, of the cash flow
in year 4?
1
3
1000
1200
1400
1800
2000
2200
2400
The value of x is determined to be $

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