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The future worth in year 10 of a geometric gradient series of cash flows was found to be $80000 Assume that interest rate was 13 per year and the annual rate of increases was 9 per year

The future worth in year 10 of a geometric gradient series of cash flows was found to be $80,000. Assume that interest rate was 13% per year and the annual rate of increases was 9% per year. List the given parameters. Draw the cash flow diagram to be used in solving c). Determine the cash flow amount in year 1.
 

Apr 05 2020 View more View Less

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