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ANNUITY help me please understand Answers: 10) 56524.91 PROBLEM 6. 10. Suppose that a geometric gradient begins with P17,000 at the end of 3 years

ANNUITY

help me please understand

Answers:

10) 56524.91

PROBLEM 6.

10.Suppose that a geometric gradient begins with P17,000 at the end of 3 years and increases by 12% every year thereafter for 9 years. If the interest rate given on this account is 20%, determine the present worth of the cash flows.

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