A set of cash flows begins at $50,000 the first year,with

Chapter , Problem 4-83

(choose chapter or problem)

A set of cash flows begins at $50,000 the first year,with an increase each year untiln=15 years. If theinterest rate is 7%, what is the present value when(a)the annual increase is $5000?(b)the annual increase is 10%?

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