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Question 2 ICAO Builders is having a housing project which produces N$200,000 after four years. At the end of this period the pieces of machinery
Question 2
ICAO Builders is having a housing project which produces N$200,000 after four years. At the end of this period the pieces of machinery involved in the project is then sold for scrap for N$5, 000. Assuming a discount rate of 8%. Calculate the present value of this compound quarterly.
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