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An arithmetic cash flow gradient series equals $400 in year 1, $500 in year 2, and amounts increasing by $100 per year through year 10.
An arithmetic cash flow gradient series equals $400 in year 1, $500 in year 2, and amounts increasing by $100 per year through year 10. At i = 8% per year, determine the present worth of the cash flow series in year 0. The present worth of the cash flow series in year 0 is $
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