Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 18CTQ: Is it inevitable that government must become involved in supporting investments in new technology?
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Question
Calculate the future equivalent at the end of 2012, at x1% per year, of the following series of cash flows in the Figure below: Use a uniform gradient amount (G) in your solution, G=x2.
x1 = 15%
x2 = $50
![2008
$1,000
2009
EOY
2010
$1000-2G
$1000-G
2011
2012
$ 1000-3G
F = ?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F57686267-e21c-410a-aa78-325eb43b9237%2F0edd6dd5-32cc-4bb8-9ea4-5207e6c0b59b%2Fz8oq9mc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2008
$1,000
2009
EOY
2010
$1000-2G
$1000-G
2011
2012
$ 1000-3G
F = ?
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