A

$90,000

investment is made at

t=0

, and returns are realized 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

12%

less than the previous year's return. If money is worth

5%

, what is the equivalent present worth for the investment? $

A $90,000 investment is made at t=0, and returns are realized 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 12% less than the previous year's return. If money is worth 5%, what is the equivalent present worth for the investment? \$