3-49. Find the uniform annual amount that is equivalent to a gradient series in which the first year's payfment is $500, the second year's pay- ment is $600, the third year's payment is $700, and so...

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Extracted text: 3-49. Find the uniform annual amount that is equivalent to a gradient series in which the first year's payfment is $500, the second year's pay- ment is $600, the third year's payment is $700, and so on, and there is a total of 10 payments. The annual interest rate is 8%.