A ($90),000 investment is made. Over a 5-year period, a return of ($30),000 occurs at the end

Question:

A $$90$,000 investment is made. Over a 5-year period, a return of $$30$,000 occurs at the end of the first year. Each successive year yields a return that is 10 percent less than the previous year’s return. If money is worth 5 percent, what is the equivalent present worth for the investment?

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