An arithmetic gradient has cash flows of $1000 inyear 4,
Chapter 3, Problem 3.68(choose chapter or problem)
An arithmetic gradient has cash flows of $1000 inyear 4, $1200 in year 5, and amounts increasing by$200 per year through year 10. If you use the factor200(PG,10%,n) to find PG in year 3, the value ofn you have to use in the PG factor is:(a) 10 (b) 9 (c) 8 (d) 7
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