Question

The present worth of a geometric gradient series with a cash flow of $50,000 in year 1 and increases of 6% each year through year 8 at an interest rate of 10% per year is closest to:

Answer 1

The present worth of a geometric gradient series with a cash flow of $50,000 in year 1 and increases of 6% each year through year 8 at an interest rate of 10% per year is closest to:
Answer = $75,182