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The future worth in year 1 0 of a decreasing geometric gradient series of cash flows was found to be $ 4 5 0 0

The future worth in year

10

of a decreasing geometric gradient series of cash flows was found to be $

45000 .

If the interest rate was

10 %

per year and the annual rate of decrease was

5 %

per year, what is the cash flow amount in year

1 ?

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