The "P" calculated for the uniformseries below, using equation: P =90(P/A,1%,4) should be in year0ㅏ14L802345678 Year90 90 90 90

Answered: The "P" calculated for the uniform…

The "P" calculated for the uniform series below, using equation: P = 90(P/A,i%,4) should be in year 1 0 1 04 8 0 2 3 J 4 L 5 7 8 Year 90 90 90 90

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 "P" calculated for the uniform
series below, using equation: P =
90(P/A,1%,4) should be in year
0
ㅏ
1
4
L
8
0
2
3
4
5
6
7
8 Year
90 90 90 90

Expert Solution

Step 1

The present value of a cash flow refers to its current value in accordance with its future value based on a certain rate of interest.
Uniform series refers to a series of cash flows that do not change in different interest periods.

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