Find the equivalent present worth

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Reference no: EM131966793

Suppose that a certain end-of-year expenses are expected to be $1000 for the second year, $2000 for the third year, and $3000 for the fourth year, and that if interest is 15% per year, it is desired to find the equivalent (a) present worth at the beginning of the first year, and (b) the uniform annual worth at the end of each 4 years.

Please answer with formula forms not just excel, will rate thumbs up for complete formulas.

Reference no: EM131966793

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