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A cash flow at time zero (now) of $14,578 is equivalent to another cash flow that is an EOY annuity of $2,800 over seven years (starting at year 1). Each of these two cash-flow series is equivalent to a third series, which is a uniform gradient series. What is the value of G for this third series over the same seven-year time interval? Assume that the cash flow at the end of year one is zero. Choose the correct answer below. OA. $686 O B. $1,500 O c. $1,039 O D. $833 O E. Not enough information given

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy E AutoSum ー E ゴWrap Text в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Format Sort &Find & 2 ClearFe Select Edting Format Painter Formatting, as Table w styles. ▼ ㆆ ▼ Clipboard Alignment Number Cells AB AC AD AE AF AG 14578 2800 45 PARTİ 46 47 48 49 50 PART 2 51 52 53 54 PV= PMT YEARS = RATE NOTES STEP 1 8.00% RATE(T47,-T46,T45) WE CALCULATED RATE USING DATA GIVEN FOR 2 SERIES STEP 2 RATE = 8% EXCEL IS USED WE CAN ALSO USE TABLE STEP 3 THEN USE UNIFORM GRADIENT SERIES FORMULA AND WE GOT THE ANSWER 14578G/0.08 (1+0.08)A7-1/(0.08(1+0.08)A7)] 17/(1+0.08)A7] 14578G/0.08 *1.713824 1/(0.08 1.713824)1- 7/1.713824) 14578G/0.08 *(5.206369 -4.084433) 14578G/0.08 *(1.121936) 56 57 58 59 60 61 62 63 14578 *0.08/1.121936 1039.49 1039 ANSWER C:$1039 トト Sheet1 . Sheet2 . pw aw . CELL REFERENCE - aw CC | fv pv etc / ESL , decsion tree rules 福 130%

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