Calculate the annual worth (years 1 through 7) of the following series of disbursements. Assume that i = 5% per year. Year 0 1 to 4 5 to 12 Income per year $7,000 $2,500 $4,000 Draw CFD, and Enter the Answer in 'B2' Cell above. Text

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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2 Answer
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4 Calculate the annual worth (years 1 through 7) of the following series of disbursements. Assume that i = 5% per year.
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$2,500
$4,000
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14 Draw CFD, and Enter the Answer in 'B2' Cell above.
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Transcribed Image Text:A2 A 2 Answer 3 4 Calculate the annual worth (years 1 through 7) of the following series of disbursements. Assume that i = 5% per year. 5 6 7 8 9 10 11 Year 0 1 to 4 5 to 12 18 19 20 21 22 fx Answer B Income per year $7,000 $2,500 $4,000 C 12 13 14 Draw CFD, and Enter the Answer in 'B2' Cell above. 15 16 17 D E F G H I J K Text L M
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