Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 60

An investor just purchased property under a unique financing agreement with the seller. The contract price is $1.6 million. The payment plan is Z dollars now, 2 Z dollars in year 2, and 3 Z dollars in years 3 through 5. If the interest rate on the transaction is 10% per year, how much is the payment in year 2