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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 19
The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $12,475,000. There will be no income in years 1 and 2, but in year 3 income will be $250,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient, if the interest rate is 15% per year Solve
a) by hand and b) using a spreadsheet.
a) by hand and b) using a spreadsheet.
Explanation
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Verified
The present worth of the income from inv...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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