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Find the present value of a project cash flow

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Reference no: EM131807717

Find the present value of a project cash flow that starts at EOY1 with a value of $5000 and increases each year thereafter by a value of $500 per year.

The expected life of the project is 25 years, and the discount rate is 7%. (Hint: This is an arithmetic gradient.)

Reference no: EM131807717

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