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Show all work. The answer must include PAINFG and the cash flow diagrams. P= Present value (this value is not used in this problem) A
Show all work.
The answer must include PAINFG and the cash flow diagrams.
P= Present value (this value is not used in this problem) A = Annuity; this is the value that is given in this problem i = Effective interest rate n = Number of payments F = Future value; this is the value that we want to find in this problem (F= ?) G = Gradient value (this value is not used in this problem)
- The City of Boca Raton is expected to see a growth of 5% in the population over the next 5 years in its utility. FPL says power costs will rise 2%/yr over that period. If the City utility's power cost is $450,000/year, what should the projected budget be in 5 years?
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