A trusted friend told you that a cash flow sequence that started at $4500 in year 1 and increased by $3000 each year wou

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answerhappygod
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A trusted friend told you that a cash flow sequence that started at $4500 in year 1 and increased by $3000 each year wou

Post by answerhappygod »

A trusted friend told you that a cash flow sequence that started
at $4500 in year 1 and increased by $3000 each year would have an
annual equivalent worth of $22,500/yr at a rate of return of 10%
per year in N years. What is N?
Please use formulas for this question. Thank you
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