In: Economics
For the cash flows shown, determine the equivalent uniform annual worth in years 1 through 5 at an interest rate of 18% per year, compounded monthly.
Year | 1 | 2 | 3 | 4 | 5 |
Cash Flow, $ | 0 | 0 | 350,000 | 350,000 | 350,000 |
The equivalent uniform annual worth in years 1 through 5 at an interest rate of 18% per year, compounded monthly is $