J
joelee88
Member
On page 37 of CT1 Chapter 10 (solution for an exam-style question):
It states:
For Project B, the discounted payback period must be a whole number of 6 years, since cashflows only occur at annual intervals. We need to find the smallest integer value of n of which:
-0.1(A due 10) + 0.045v^10(Ia[n]) > 0
My question is, shouldn't the equation be equal/larger than zero, rather than just larger than zero?
Thanks in advance for your help!
It states:
For Project B, the discounted payback period must be a whole number of 6 years, since cashflows only occur at annual intervals. We need to find the smallest integer value of n of which:
-0.1(A due 10) + 0.045v^10(Ia[n]) > 0
My question is, shouldn't the equation be equal/larger than zero, rather than just larger than zero?
Thanks in advance for your help!