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Business, 16.02.2022 02:10 mandilynn22

The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $19,000,000. There will be no income in years 1 and 2, but in year 3 income will be $675,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient if the interest rate is 15% per year

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