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What is the present worth at eom zero of the gradient

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Problem 1: An investment will generate $1,000 at EOM 2, $2,000 at EOM 3, $3000 at EOM 4, and so on each monthly amount is $1000 more than the previous monthly amount, with the last payment being $11000 at EOM 12. If the interest rate is 0.25% per month, what is the Present Worth at EOM 0 of these gradient amounts?

Reference no: EM132941587

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