You invest in a business that you expect will earn profit (in thousands of dollars) of $12

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You invest in a business that you expect will earn profit (in thousands of dollars) of $12 by the end the year, $17 next year, $25 the third year, and $30 the 4th year. Other investments of equal risk earn 5%. How much is this business worth today?

$84.00
None of the above
$73.13
$88.88
$69.64

Related Book For answer-question

Elementary Statistics Picturing the World

ISBN: 978-0321911216

6th edition

Authors: Ron Larson, Betsy Farber

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Posted Date: Jun 03, 2019 05:04 AM

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You invest in a business that you expect will earn profit (in thousands of dollars) of $12

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Elementary Statistics Picturing the World

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