A water resources project has produced benefits that equal $40000 at the end of 20years. Determine the PV of these benefits using a 6% interest rate? Determine the PV of the benefits at the end of the 20th year.
A water resources project has produced benefits that equal $20000 at the end of the first year and increase on a uniform gradient series to $100000 at the end of the 5th year. The benefits remain constant at $100000 each year until the end of the year 25. Determine the PV of these benefits using a 6% interest rate?
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