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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 28
The amount of money a person must deposit 3 years from now in order to withdraw $10,000 per year for 10 years beginning 15 years from now at an interest rate of 10% per year is closest to:
A) $15,500
B) $17,200
C) $19,300
D) $21,500
A) $15,500
B) $17,200
C) $19,300
D) $21,500
Explanation
Verified
Verified
A is annual payment,
n is number of yea...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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