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Ans: Determine the present worth of a geometric gradient series with a cash flow of $80,000 in year 1 and increases of 10% each year
Ans: Determine the present worth of a geometric gradient series with a cash flow of $80,000 in year 1 and increases of 10% each year through year 8 . Thie interest rate is 10% per year. Also, determine the future worth for this gradient series. Draw the cash flow diagram. 3. 6+3+ 1 pts)
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