Engineering Economy – Problem 3.14

For the cash flows below, find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $300 per year. Use an interest rate of 10% per year. Show solutions ( a ) by hand and ( b ) using the Goal Seek tool.

Sample problems and notes are based on the following textbook: Engineering Economy 7th Edition

ISBN-13: 978-0073376301

ISBN-10: 0073376302

Edition: 7

Author: Leland BlankAnthony Tarquin 

Published Date: 2011

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