An arithmetic gradient has cash flows of $1000 in year 4, $1200 in year 5, and amounts
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An arithmetic gradient has cash flows of $1000 in year 4, $1200 in year 5, and amounts increasing by $200 per year through year 10. If you use the factor 200(P∕G,10%,n) to find PG in year 3, the value of n you have to use in the P∕G factor is:
(a) 10
(b) 9
(c) 8
(d) 7
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