Question: Please help !!!! Acme Miracle projects good things for their new weight loss pill, LoseIt. Revenues at the EOY 1 are expected to be $2.1

 Please help !!!! Acme Miracle projects good things for their new
Please help !!!!

Acme Miracle projects good things for their new weight loss pill, LoseIt. Revenues at the EOY 1 are expected to be $2.1 million, and Acme believes they will increase 15% per year for the next 5 years (last revenue is received at the EOY 5). What are the present value and equivalent annual amount for the anticipated revenues? Acme uses an interest rate of 20%. Solution

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