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Business, 15.10.2019 18:30 isabellawest2

Acash flow series is increasing geometrically at the rate of 8% per year. the initial payment at eoy 1 is $5 comma 000, with increasing annual payments ending at eoy 20. the interest rate is 13% compounded annually for the first seven years and 5% compounded annually for the remaining 13 years. find the present amount that is equivalent to this cash flow.

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