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Approximate the answer, A $90,000 investment is made over a 7-year period, a return of $30,000 occurs at the end of year 3. Each successive
Approximate the answer,
A $90,000 investment is made over a 7-year period, 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 $853 $5, 396 $15, 174 $10, 165Step by Step Solution
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