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HW4_Equivalence Calculations_P,F,A,N_EngEconomics
- Institution
- Rutgers University - New Brunswick/Piscataway
- Book
- Engineering Economy
Equivalence calculations using the four factors - present worth (P), future worth (F), annual worth (A), and nominal rate (N) - are commonly used to compare and evaluate alternative investment options. Present worth (P) is the value today of a series of future cash flows, calculated by discounti...
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