In a conventional gradient, the amount of money in period one is known as the base amount.
What is an arithmetic gradient?
An arithmetic gradient series is a cash flow series that either increases or decreases by a constant amount each period.
What is a base amount?
Base amount is the fundamental numerical assumption from which something is begun or estimated in a given arithmetic series. It usually occurs in period for a conventional gradient.
Thus, in a conventional gradient, the amount of money in period one is known as the base amount.
Learn more about base amount here: https://brainly.com/question/3948796
#SPJ1
