Find the value of x that makes the equivalent annual worth in years 1 through...
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Accounting
Find the value of x that makes the equivalent annual worth in years 1 through 11 equal to $400 per year. Use an interest rate of 12% per year. The cash flows in year 0 and year 11 has an unknown value x, and 1 through 10 has an annual worth of $400. The value of x is determined to be $
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