Question: An arithmetic cash flow gradient series equals $450 in year 1, $550 in year 2, and amounts increasing by $100 per year through year 10.

An arithmetic cash flow gradient series equals $450 in year 1, $550 in year 2, and amounts increasing by $100 per year through year 10. Ati= 5% per year, determine the present worth of the cash flow series in year 0.

The present worth of the cash flow series in year 0 is $

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