Find the value of x that makes the equivalent annual worth


Find the value of x that makes the equivalent annual worth in years 1 through 11 equal to $300 per year. Use an interest rate of 11% per year.

The cash flow in year 0 and year 11 has an unknown value x.

The value of x is determined to be $.

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Financial Management: Find the value of x that makes the equivalent annual worth
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