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To receive two amounts of $1,000 each at EOY 10 and 11, the Investor deposited an annual equal amount at EOY 2, 3, 4, and 5. What is the value of the annual deposit if the Interest rate is 12%? $274.75 $224.75 $324.75 $174.75

To receive two amounts of $1,000 each at EOY 10 and 11, the Investor deposited an annual equal amount at EOY 2, 3, 4, and 5. What is the value of the annual deposit if the Interest rate is 12%? $274.75 $224.75 $324.75 $174.75

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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To receive two amounts of $1,000 each at EOY 10 and 11, the Investor deposited an annual equal amount at EOY 2, 3, 4, and 5. What is the value of the annual deposit if the Interest rate is 12%? $274.75 $224.75 $324.75 $174.75
Transcribed Image Text:To receive two amounts of $1,000 each at EOY 10 and 11, the Investor deposited an annual equal amount at EOY 2, 3, 4, and 5. What is the value of the annual deposit if the Interest rate is 12%? $274.75 $224.75 $324.75 $174.75
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