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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 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
Explanation
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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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