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A business with an initial outlay of 12000 yeilds 10000 during the first year of its operation and yield increases by 1000 from its second
A business with an initial outlay of 12000 yeilds 10000 during the first year of its operation and yield increases by 1000 from its second year upto 10th year. At the end of the life of business th salvage value is zero. Find the present worth of business by assuming the intrest rate of 18% compounded annualy.
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