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A cash fow series is increasing geometrically at the rate of 8% por year. The initial payment at EOY 1 is $4,500, with increasing annual

A cash fow series is increasing geometrically at the rate of 8% por year. The initial payment at EOY 1 is $4,500, with increasing annual payments ending at EOY 20. The interest rate is 16% compounded annually for the first seven years and 4% compounded annualy for the remaining 13 years. Find the present amount that is equivalent to this cash flow. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 4% per year. 9 Click the icon to view the Interest and annuity table for discrete compounding when the MARR is 8% per year. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 16% per year. The present amount that is equivalent to this cash flow series is $- (Round to the nearest dollar.) image text in transcribed
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