Question: Problem # 4 The present worth at t = 0 of a 1 0 - year increasing gradient series was calculated to be $ 1

Problem #4
The present worth at t=0 of a 10-year increasing gradient series was calculated to be $100,000. If the interest rate was 5% per year and the annual rate of increase was 8% per year, determine the cash flow amount in year 1 using
a) The formula
b) The Goal Seek tool in Excel (submit part b via
Problem #4 The present worth at t=0 of a 10-year increasing

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