Question: 4 - 8 7 . A geometric gradient that increases at ? b a r ( f ) = 6 % per year for 1

4-87. A geometric gradient that increases at ?bar(f)=6% per year for 15 years is shown in the accompanying diagram. The annual interest rate is 12%. What is the present equivalent value of this gradient? (4.12)
4 - 8 7 . A geometric gradient that increases at

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