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