8-3. Determine the present worth (at time 0) of the following series of cash flows using a...

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8-3. Determine the present worth (at time 0) of the following series of cash flows using a geometric gradient. The real interest rate is 5% per year. (8.2) EOY 3 4 5 6 ... 25 Cash Flow $1,000 $1,100 $1,210 $1,331 . . . $8,140

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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