A trusted friend told you that a cash flow sequence that started at $3000 in year 1

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A trusted friend told you that a cash flow sequence that started at $3000 in year 1 and increased by $2000 each year would be worth $15,000 in 12 years at a rate of return of 10% per year. Is she correct?

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 05:48 AM

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A trusted friend told you that a cash flow sequence that started at $3000 in year 1

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15000 3000 2000AG10n AG10n ...View the full answer

Engineering Economy

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