Question
Executives at Bob's widgets notice the companys revenues have increased by a constant amount of $5 million each year for the past several years. This
Executives at Bob's widgets notice the companys revenues have increased by a constant amount of $5 million each year for the past several years. This trend is expected to continue for the foreseeable future. Suppose next years revenue is $300 million. Bob's widgets' MARR is 7%. Youre curious about the present worth of Bob's widgets' revenue over the next 5 years.
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
