From the given cash flow diagram below, find the future value of the geometric gradient with unknown constant rate f = 0.06 at i = 0.113 compounded annually $500(1.06)¹ $500 $500(1.06) 14 F21=? 0 1 2 14 15 21 Years Round your answer to 2 decimal places.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 45P: A project does not necessarily have a unique IRR. (Refer to the previous problem for more...
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Solve the following with complete solutions
From the given cash flow diagram below, find the future value of the geometric gradient with
unknown constant rate f = 0.06 at i = 0.113 compounded annually
$500(1.06)¹
$500
$500(1.06) 14
F21=?
0 1
2
14
15
21
Years
Round your answer to 2 decimal places.
Transcribed Image Text:From the given cash flow diagram below, find the future value of the geometric gradient with unknown constant rate f = 0.06 at i = 0.113 compounded annually $500(1.06)¹ $500 $500(1.06) 14 F21=? 0 1 2 14 15 21 Years Round your answer to 2 decimal places.
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