How to Calculate and Solve for Present Worth Gradient Series Economic Equivalence
Suppose you expect to receive $10,000 in 5 years, and the interest rate is 4% per annum compounded annually. You expect to earn $10,000; $15,000; and $18,000 in 1, 2, and 3 years’ times respectively. In this case, the person should present worth formula choose the annuity due option because it is worth $27,518 more […]
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