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Income has been increasing at a constant rate of $800 in eac

Paper help Economics Income has been increasing at a constant rate of $800 in eac

Economics

Income has been increasing at a constant rate of $800 in eac

Income has been increasing at a constant rate of $800 in each of the last 4 years. If this years inc… Show more Income has been increasing at a constant rate of $800 in each of the last 4 years. If this years income(end of year 1) is expected to be $4000 and the income trend continues through 6, what equal amount in years 1 through 6 is equivalent of all the income over that time period at an interest rate of 8% per year? • Show less

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