Question: Need help solving Engineering economics problem A geometric gradient has a positive cash flow of $1,000 at EOY zero (now), and it increases 5% per
Need help solving Engineering economics problem
A geometric gradient has a positive cash flow of $1,000 at EOY zero (now), and it increases 5% per year for the following 5 years. Another geometric gradient has a positive value of $2,000 at the EOY 1, and it decreases 6% per year for years two through five. If the annual interest rate is 10%, which geometric gradient would you prefer
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