A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company
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A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but will increase by $2 million every year for the next 3 years. What is the present worth of total revenue at an interest rate of 18% per year?
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Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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