Question: Problem #3 (2 points) A utility bill for a manufacturing operation has been increasing by $400 per year. If the utility bill in year 1

Problem #3 (2 points) A utility bill for a manufacturing operation

Problem #3 (2 points) A utility bill for a manufacturing operation has been increasing by $400 per year. If the utility bill in year 1 is $3500. The interest rate is 20% per year compounded annually. What is the equivalent annual cash flow associated with the manufacturing operations in years 1 thru 6? Ans. = $4,292

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