2. 2.111 An arithmetic gradient has cash flow of $1000 in year 4, $1200 in year 5,...

Question:

2. 2.111 An arithmetic gradient has cash flow of $1000 in year 4, $1200 in year 5, and amounts increasing by $200 per year through year 10. If you use the factor 200(P/G, 10%,?) to find P in year 3, the value of n to use in the P/G factor is 1. 6 2. 7 3. 8 4. 9

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