A ($90),000 investment is made. Over a 5-year period, a return of ($30),000 occurs at the end

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A \($90\),000 investment is made. Over a 5-year period, a return of \($30\),000 occurs at the end of the first year. Each successive year yields a return that is 10 percent less than the previous year’s return. If money is worth 5 percent, what is the equivalent present worth for the investment?

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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