Engineering economic analysis

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Reference no: EM131357357

How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay $30000 load he has received today? The interest rate is 6% per year. This is from Engineering Economic Analysis 12th edition, problem 6-16. According to the back of the book the answer is $4321. The answer is "solved" in textbook solutions but the answer that is solved for is not correct and does not match the correct answer from the back of the book.

Reference no: EM131357357

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