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Find the value of x that makes the equivalent annual worth in years 1 through 11...

Find the value of x that makes the equivalent annual worth in years 1 through 11 equal to $700 per year. Use an interest rate of 8% per year. The cash flows in year 0 and year 11 has an unknown value x, and 1 through 10 has an annual worth of $700. The value of x is determined to be $ _____?

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File Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy ▼ Σ AutoSum Calibri ー E ゴWrap Text General в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard Font Alignment Number Styles Cells DO431 DN DO DP DQ DR DS DT DU DV DW DX 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 I < CALCULATOR , LOAN OPTIONS ! LHS = LEFT HAND SIDE RHS RIGHT HAND SIDE (X) + (700) * PVIFA@8%, 10 YEARS + (X)* PVIF @8%, 11 YEARS (X) (700) 6.7101(X) 0.4289 (700) 6.7101 +(X) 1.4289 4697.07(X)*1.4289 4997.3- 4697.07 (700) * PVI FA @8%, 11 YEARS (700) 7.1390 4997.3 4997.3 (X)1.4289 (X) 1.4289 300.23 210.11 NOTE PVIFA & PVIF VALUES TAKEN FROM TABLE CAP STRU VALUE LOCK BOX DILUTION DOLLAR COST AVG MORTGAGEEXPO Sheetl Sheet2 She 福 130% rences: x261 11:17 10-01-2019

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