Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 55

A construction management company is examining its cash flow requirements for the next 7 years. The company expects to replace office machines and computer equipment at various times over the 7-year planning period. Specifically, the company expects to spend $6000 one year from now, $9000 three years from now, and $10,000 six years from now. What is the annual worth (in years 1 through 7) of the planned expenditures, at an interest rate of 10% per year