Question how much invested now at 8 would be just enough to, Ask an Expert

Economics

Question: How much invested now at 8% would be just enough to provide for four lump sum payments of S6000 at 5. 10. 15. and 20 years? Solve this problem two different ways by hand.

Method # 1: Use only single amount equivalence factors.

Method # 2: Use only uniform series equivalence factors.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586087

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