this is incorrect Note that n-th geometric cash flow = A1(1+g)^n-1

Elements Of Electromagnetics
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ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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this is incorrect Note that n-th geometric cash flow = A1(1+g)^n-1

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Step 1: Determine the project annual cost, maintenance cost and total cost of the natural gas in 14 years.

Given:

Cost of natural gas in first year,  c equals $ 9020 space

The cost increment in the next year is k space equals 10 space percent sign

the total number of year is n equals 14

The maintenance cost of the furnace in the first year is c subscript 1 equals $ 851.00

The percentage increase of maintenance cost in the next years is k subscript 1 equals 15 percent sign

the annual interest rate is l space equals 18 space percent sign

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