Question: An arithmetic cash flow gradient series equals $ 4 5 0 in year 1 , $ 5 5 0 in year 2 , and amounts

An arithmetic cash flow gradient series equals $450 in year 1, $550 in year 2, and amounts increasing by $100 per year through year 12. At i =7.00% per year, determine the present worth of the cash flow series in year 0.(Round the final answer to three decimal places.)

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