The net cash flow associated with the development and sale of a new product is shown. Determine the
present worth at an interest rate of 12% per year. The cash fl ow is in $1000 units. Show ( a ) hand and
( b ) spreadsheet solutions.
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 Blank, Anthony Tarquin
Published Date: 2011
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