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A $90,000 investment is made in year 0 , a return of $30,000 occurs at the end of year 3 . Each successive year yields
A $90,000 investment is made in year 0 , a return of $30,000 occurs at the end of year 3 . Each successive year yields a return that is $3,000 less than the previous year's return. if money is worth 5%, determine the equivalent present worth of the investment if the projected plan is to do it for 7 years Click to open: _ $853 $5.396 $10,165 $15,174
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