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A set of cash flows begins at $20,000 the first year with an increase each year until n = 10 years. If the interest rate
A set of cash flows begins at $20,000 the first year with an increase each year until n = 10 years. If the interest rate is 7% what is the present value when the annual increase is 10%? The value is closest to? $215,000 $200,000 $210,000 $220,000
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