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Your rich uncle has recently passed away and left you an inheritance in the next 30 years. You will receive $2,000 per year from year 5 through year 10, $5,000 per year from year 11 through year 20, and $3,500 per year from year 21 to year 30. At a rate of 7 percent compounded annually, what is the present value of your uncle's generosity?

Your rich uncle has recently passed away and left you an inheritance in the next 30 years. You will receive $2,000 per year from year 5 through year 10, $5,000 per year from year 11 through year 20, and $3,500 per year from year 21 to year 30. At a rate of 7 percent compounded annually, what is the present value of your uncle's generosity?

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Your rich uncle has recently passed away and left you an inheritance in the next 30 years. You will receive $2,000 per year from year 5 through year 10, $5,000 per year from year 11 through year 20, and $3,500 per year from year 21 to year 30. At a rate of 7 percent compounded annually, what is the present value of your uncle's generosity?
Transcribed Image Text:Your rich uncle has recently passed away and left you an inheritance in the next 30 years. You will receive $2,000 per year from year 5 through year 10, $5,000 per year from year 11 through year 20, and $3,500 per year from year 21 to year 30. At a rate of 7 percent compounded annually, what is the present value of your uncle's generosity?
> A small company purchased now for $23,000 will lose $1,200 each year the first four years. An additional $8,000 invested in the company during the fourth year will result in a profit of $5,500 each year from the fifth year through the fifteenth year. At the end of 15 years, the company can be sold for $33,000. The MARR = 12% per year. Calculate the FW?
Transcribed Image Text:> A small company purchased now for $23,000 will lose $1,200 each year the first four years. An additional $8,000 invested in the company during the fourth year will result in a profit of $5,500 each year from the fifth year through the fifteenth year. At the end of 15 years, the company can be sold for $33,000. The MARR = 12% per year. Calculate the FW?
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