Equivalent cost

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November 19, 2016 at 4:52 pm #350017
abdulbasit16
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Sir what is equivalent annual cost of discount? Never heard of this in any lectures or read it.
November 19, 2016 at 6:05 pm #350045
John Moffat
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Well it is in my lectures and the lecture notes that go with them!

Try watching the lecture working through example 1 of chapter 5.
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