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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Question
What is the equivalent present worth of the costs with an annual interest rate of 12%, the fuel consumption costs have been increasing 9% per year and this will continue till 10 years. It's expected that this year's cost is to be Php 25,000.
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