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Compute the future worth in year list under salvage value and equiv. annual worth of your cash flow. In year 10 the annual income begins to increase at 2% per year. Include appropriate nomenclature statements, and do not use a series of F/P computations.

Initial Cost = $62,889

Annual Income = Amount = $10,780 // Starts,Yr = 5

Rehab Cost yr 12 = $11,146

Salvage Value = $18,867 // year = 12

%/yr = 10

compounded monthly

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