Chapter 9 - SOLUTIONS TO PROBLEMS ASSIGNED

Year Cash Inflows Investment Balance or Cumulative Cash Flows Balance 0 ―$14,000 0 ―$21,000 1 $3,000 $3,000 1 $4,000 4,000 2 $3,000 $6,000 2 $4,000 8,000 3 $3,000 $9,000 3 $4,000 12,000 4 $3,000 $12,000 4 $4,000 16,000 5 $3,000 $15,000 5 $4,000 20,000 6 $3,000 $18,000 6 $4,000 24,000 7 $3,000 $21,000 7 $4,000 28,000 Etc…out to 20 years. ................
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