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A company made annual payments for 8 years at an interest rate of 10%. The annual cost was AED 80,000 in year-1 but this increased

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A company made annual payments for 8 years at an interest rate of 10%. The annual cost was AED 80,000 in year-1 but this increased by AED 5,000 each year starting in year-2 up to year 8 . Answer the questions below but selecting the closest answer. What is the present worth due to the base amount in year-1? A. AED 80,000 What is the present worth due to the gradient? B. AED 426,792 What is the total present worth in year-0? C. AED 15,000 D. AED 95,020 E. AED 491,570 F. AED 80,144 G. AED 506,936

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