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 ___.

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 ___.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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