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Please view the following video before answering this question. Click here to watch the video. Click here to access the TVM Factor Table Calculator A
Please view the following video before answering this question. Click here to watch the video. Click here to access the TVM Factor Table Calculator A $110,000 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 10% less than the previous year's return. If money is worth 5%, what is the equivalent present worth for the investment? \$ Round entry to the nearest dollar. Tolerance is 4
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