Explore BrainMass
Share

Explore BrainMass

    Present worth

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A start-up firm has zero revenues in year 1, but they expect to grow $15,000 per year over the next five years. The present worth of the revenues, assuming a 10% annual rate of interest, is most closely

    a. $75,000
    b. $102,600
    c. $33,300
    d. $145,300

    © BrainMass Inc. brainmass.com October 9, 2019, 10:45 pm ad1c9bdddf
    https://brainmass.com/economics/finance/present-worth-problems-231063

    Solution Preview

    A start-up firm has zero revenues in year 1, but they expect to grow $15,000 per year over the next five years. ...

    Solution Summary

    Response helps in computing the Present worth

    $2.19