Question: A geometric gradient that increases at f = 6% per year for 15 years is shown int he accompanying diagram. The annual interest rate is

A geometric gradient that increases at f = 6% per year for 15 years is shown int he accompanying diagram. The annual interest rate is 10%. What is the present equivalent value of this gradient?

$350 (1.06)14 $350(1.06)1 $350 14 15 Years

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