ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The future worth in year 10 of an arithmetic gradient cash flow series for years 1 through 10 is $525,000. If the gradient increase each year, G, is $1000, determine the cash flow in year 1 at an interest rate of 8% per year. Cash flow in year one is ___.
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