the equivalent annual cash flow is nearest to:

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 1P
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The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1,
P1,800,000 in year 2, and amounts decreasing by P200,000 per year through 8. At an interest rate
of 12% per year, the equivalent annual cash flow is nearest to:
Transcribed Image Text:The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1, P1,800,000 in year 2, and amounts decreasing by P200,000 per year through 8. At an interest rate of 12% per year, the equivalent annual cash flow is nearest to:
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