Question (2) Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is $X1 and g = 6% per year thereafter. For an equivalent cash flow, find the equivalent uniform gradient amount, G over the same period if the initial value of the cash flows at the end of year one is $(X1-1000). The interest rate is x2% per year.
Question (2) Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is $X1 and g = 6% per year thereafter. For an equivalent cash flow, find the equivalent uniform gradient amount, G over the same period if the initial value of the cash flows at the end of year one is $(X1-1000). The interest rate is x2% per year.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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X1= $6000
X2 = 18%
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