Engineering Economy – Problem 2.53

You are told that the present worth of an increasing geometric gradient is $88,146. If the cash flow in
year 1 is $25,000 and the gradient increase is 18% per year, what is the value of n? The interest rate is 10% per year.

Sample problems and notes are based on the following textbook: Engineering Economy 7th Edition

ISBN-13: 978-0073376301

ISBN-10: 0073376302

Edition: 7

Author: Leland BlankAnthony Tarquin 

Published Date: 2011

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