You are paying a series of five constant-dollar (or real-dollar) uniform payments of $642.19 beginning at the end of first year. Assume that the general inflation rate is 28.15% and the market interest rate is 28.15% during this inflationary period. The equivalent present worth of the project is: Enter your answer as follow: 1234.56

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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You are paying a series of five constant-dollar (or real-dollar) uniform payments of $642.19 beginning
at the end of first year. Assume that the general inflation rate is 28.15% and the market interest rate
is 28.15% during this inflationary period.
The equivalent present worth of the project is:
Enter your answer as follow: 1234.56
3,210.95
Hint:
- Read the question carefully.
- What type of dollar that was given in the question?
- With the given dollar, what type of interest rate do you need to use?
Transcribed Image Text:You are paying a series of five constant-dollar (or real-dollar) uniform payments of $642.19 beginning at the end of first year. Assume that the general inflation rate is 28.15% and the market interest rate is 28.15% during this inflationary period. The equivalent present worth of the project is: Enter your answer as follow: 1234.56 3,210.95 Hint: - Read the question carefully. - What type of dollar that was given in the question? - With the given dollar, what type of interest rate do you need to use?
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