Consider the following cash flow. Determine the annual worth if the minimum attractive rate of return is 9% per year.
| Year |
Cash Flow, $ |
Year |
Cash Flow, $ |
| 0 |
-150,000 |
6 |
15,000 |
| 1 |
13,000 |
7 |
15,400 |
| 2 |
13,400 |
8 |
15,800 |
| 3 |
13,800 |
9 |
16,200 |
| 4 |
14,200 |
10-14 |
16,600 |
| 5 |
14,600 |
15 |
17,000 |