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An arithmetic cash flow gradient series equals $600 in year 1, $700 in year 2, and amounts increasing by $100 per year through year 10.
An arithmetic cash flow gradient series equals $600 in year 1, $700 in year 2, and amounts increasing by $100 per year through year 10. At i = 11.00% per year, determine the present worth of the cash flow series in year 0. (Round the final answer to three decimal places.) The present worth of the cash flow series in year 0 is $
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