Energy costs for a green chemical treatment have been increasing uniformly for 5 years. If the cost in year 1 was $26,000 and it increased by $2000 per year through year 5, the present worth of the costs at an interest rate of 10% per year is closest to: (Hint: Use PT=PA+PG Equation and Arithmetic Gradient) O$122,100 O $102,900 $195,800 O$112,300
Energy costs for a green chemical treatment have been increasing uniformly for 5 years. If the cost in year 1 was $26,000 and it increased by $2000 per year through year 5, the present worth of the costs at an interest rate of 10% per year is closest to: (Hint: Use PT=PA+PG Equation and Arithmetic Gradient) O$122,100 O $102,900 $195,800 O$112,300
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Energy costs for a green chemical treatment have been increasing uniformly for 5
years. If the cost in year 1 was $26,000 and it increased by $2000 per year through
year 5, the present worth of the costs at an interest rate of 10% per year is closest
to: (Hint: Use PT=PA+PG Equation and Arithmetic Gradient)
O$122,100
O$102,900
O $195,800
O $112,300
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