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Find the value of x that makes the equivalent annual worth in years 1 through...

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Question

Accounting

Find the value of x that makes the equivalent annual worth in years 1 through 9 equal to $500 per
year. Use an interest rate of 9% per year.
The cash flows in year 0 and year 9 has an unknown value x, and 1 through 8 has an annual worth
of $500.
The value of x is ?
image

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