12. Determine the present worth of a geometric gradient series with a cash flow of $50000 in year 1 and increases of 6% each year through year 8. The interest rate is 10% per year. A $92926 $14336 $78590 D $320573

12. Determine the present worth of a geometric gradient series with a cash flow of $50000 in year 1 and increases of 6% each year through year 8. The interest rate is 10% per year. A $92926 $14336 $78590 D $320573

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 1P

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Question

12. Determine the present worth of a geometric gradient series with a cash flow of $50000 in
year 1 and increases of 6% each year through year 8. The interest rate is 10% per year.
A
$92926
B
$14336
$78590
D
$320573

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