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Please help with this question and show how you did it A cash flow series is increasing geometrically at the rate of 7% per year.
Please help with this question and show how you did it
A cash flow series is increasing geometrically at the rate of 7% per year. The initial payment at EOY 1 is $5,500, with increasing annual payments ending at EOY 20, The interest rate is 17% compounded annually for the first seven years and 4% compounded annually for the remaining 13 years. Find the present amount that is equivalent to this cash flow. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 4% per year Click the icon to view the interest and annuity table for discrete compounding when the MARR is 7% per year. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 17% per year The present amount that is equivalent to this cash flow series is $ (Round to the nearest dollar.)Step by Step Solution
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