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annual worth

Calculate the annual worth (years 1 through 10) of the following series of disbursements. Assume that i = 12% per year.

Year Disbursement,$ Year Disbursement,$
0 $5,000 6 $5,000
1 $3,500 7 $5,000
2 $3,500 8 $5,000
3 $3,500 9 $5,000
4 $5,000 10 $15,000

A. $-6817
B. $-5817
C. $-4817
D. $-7817

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Solution Summary

The expert calculates the annual worth of series of disbursements.

$2.19