Question: 1. What are the PW and FW of a 20-year geometric cash-flow progression increasing at 2% per year if the first year amount is $1,020 and the interest rate is 10% per year?
2. Refer to the following table of cash flows:
End of Year 0 4 8 12 6
Cash flow $5,000 $5,000 $5,000 $5,000 $5,000
What is the annual worth of these cash flows over 16 years when i = 5% per year?