A cash flow series is increasing geometrically at the rate of 9 % per year. The initial payment at EOY 1 is $4 comma 500 , with increasing annual payments ending at EOY 20. The interest rate is 13 % compounded annually for the first six years and 4 % compounded annually for the remaining 14 years. Find the present amount that is equivalent to this cash flow.
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A cash flow series is increasing geometrically at the rate of 9 % per year. The initial payment at E...
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