Determine a geometric series of cash flows

Reference no: EM133270014

Assignment:

Consider a geometric series of cash flows that begins at time 12 with a cash flow of $10,000. Cash flows in this series will increase by 7% each period. There are a total of eleven cash flows in this series. What is the present equivalent of this cash flow series at time = O if the interest rate is 8% pr period?

Reference no: EM133270014

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