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ghallabjrLv1
7 Apr 2023
A geometric gradient that increases at g=6% per year for 15 years is shown in the accompanying diagram at fig (2). The annual interest rate is 12%. What is the present equivalent value of this gradient?
A geometric gradient that increases at g=6% per year for 15 years is shown in the accompanying diagram at fig (2). The annual interest rate is 12%. What is the present equivalent value of this gradient?
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