An engineering firm is paying a series of 10 annual cash flows with the 1st cash flow at the end of year 1 equal to $20,000.00 and each successive cash flow increasing by $1000.00. If the interest rate is 5%, what is the worth of all the payments at the end of year 10? a)  $303,118.00 b)  $251,560.00 c)  $51,558.00 d)  $343,202.00

ENGR.ECONOMIC ANALYSIS
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15- An engineering firm is paying a series of 10 annual cash flows with the 1st cash flow at the end of year 1 equal to $20,000.00 and each successive cash flow increasing by $1000.00. If the interest rate is 5%, what is the worth of all the payments at the end of year 10?

  1. a)  $303,118.00

  2. b)  $251,560.00

  3. c)  $51,558.00

  4. d)  $343,202.00

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