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! Required information The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $23,000,000. There will be no income in years 1 and 2, but in year 3 income will be $775,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient if the interest rate is 15% per year? Solve using factors. The required gradient is $

! Required information The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $23,000,000. There will be no income in years 1 and 2, but in year 3 income will be $775,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient if the interest rate is 15% per year? Solve using factors. The required gradient is $

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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! Required information The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $23,000,000. There will be no income in years 1 and 2, but in year 3 income will be $775,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient if the interest rate is 15% per year? Solve using factors. The required gradient is $
Transcribed Image Text:! Required information The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $23,000,000. There will be no income in years 1 and 2, but in year 3 income will be $775,000, and thereafter it will increase according to an arithmetic gradient through year 15. What is the required gradient if the interest rate is 15% per year? Solve using factors. The required gradient is $
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