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Calculate the present worth of a geometric gradient

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Calculate the present worth of a geometric gradient series of payments with an amount of $21000 at the end of year 1, and each succeeding amount increasing by 9% per year. Use an interest rate of 25% per year, compounded continuously, and a 12 year time period.

Note: Write positive number, with at least one digit after the decimal point.

Reference no: EM132548686

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