A$100,000investment is made over a 10 -year period. A return of$23,000occurs at the end of the first
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A$100,000investment is made over a 10 -year period. A return of$23,000occurs at the end of the first year. Each successive year yields a return that is12%less than the previous year's return. If money is worth8%, what is the equivalent present worth for the investment? What is the equivalent annual worth for the investment? What is the equivalent future worth for the investment?
Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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