Question: An arithmetic cash flow gradient series equals $400 in year 1, $500 in year 2, and amounts increasing by $100 per year through year 14.

An arithmetic cash flow gradient series equals $400 in year 1, $500 in year 2, and amounts increasing by $100 per year through year 14. At i= 11% per year, determine the present worth of the cash flow series in year o. The present worth of the cash flow series in year is $

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