ENGINEERING ECONOMY W/CONNECT(LL)
ENGINEERING ECONOMY W/CONNECT(LL)
8th Edition
ISBN: 9781307168761
Author: Blank
Publisher: MCG/CREATE
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Chapter 2, Problem 39P
To determine

Calculate the present value factor for annual gradient.

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The future worth in year 10 of an arithmetic gradient cash flow series for years 1 through 10 is $500,000. If the gradient increase each year, G, is $3,000, determine the cash flow in year 1 at an interest rate of 10% per year.
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The future worth in year 10 of income associated with a fixed-income investment is guaranteed to be $500,000. If the cash flow in year 1 is $20,000, how much would the arithmetic gradient have to be at the interest rate of 10% per year?

Chapter 2 Solutions

ENGINEERING ECONOMY W/CONNECT(LL)

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