Question: Problem 11-16 (book/static) Question Help A series of five constant dollar (or real-dollar) payments (beginning with 55.000 at the end of the first year) are

Problem 11-16 (book/static) Question Help A series of five constant dollar (or real-dollar) payments (beginning with 55.000 at the end of the first year) are increasing at the rate of 7% per year. Assume that the average general inflation rate is 5% and the market interest rate is 12% during this inflationary period. What is the equivalent present worth of the series? The equivalent present worth is thousand (Round to one decimal place)

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