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At year 1, a cash flow sequence starts with an amount of $6,000 and decreases by $100 each year through year 9. (a) Draw a

At year 1, a cash flow sequence starts with an amount of $6,000 and decreases by $100 each year through year 9.

(a) Draw a cash flow diagram for the problem.

(b) Determine the present worth of the sequence using an interest rate of 10%.

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