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Home Q & A Board Science-Related Homework Help Mathematics
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cloveb cloveb
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7 years ago Edited: 7 years ago, cloveb
The present worth of an increasing geometric gradient is $23,632. The interest rate is 6% per year, and the rate of change is 4% per year. If the cash flow amount in year 1 is $3000, the year in which the gradient ends is year A. 7
 B. 9
C. 11
D. 12
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bolbolbolbol
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