A 90 , 000 i n v e s t m e n t i s m
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A 90,000 investment is made.Over a5−year period,a return of 30,000 occurs at the end of the first year. Each successive year yields a return that is \($3\),000 less than the previous year’s return. If money is worth 5 percent, use a gradient series factor to determine 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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