Using only the single-payment present-worth factor

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Reference no: EM131319756

A series of payments-$10,000 first year $9,000 second year; $8,000 third year; $7,000, fourth year; and $6,000, fifth year-is equivalent to what present amount at 10% interest compounded annually? Solve this problem using the gradient factor, and then solve it using only the single-payment present-worth factor.

Reference no: EM131319756

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