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1. A payment system starts with an initial payment of $40 at the end of year 1. $42.8 at the end of year 2, and

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1. A payment system starts with an initial payment of $40 at the end of year 1. $42.8 at the end of year 2, and a payment of $45.796 at the end of year 3. This payment system follows .................. Either (Arithmetic ) or (geometric) a geometric gradient Arithmetic Gradients Neither (Arithmetic ) norgeometric) DD

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