Question: Please help with the solution of this question and what are the equations used to it . Thanks 7 Spock purchased a space invader entertainment

Please help with the solution of this question and what are the equations used to it . Thanks

Please help with the solution of this question and what are the

7 Spock purchased a space invader entertainment machine at the beginning of Year 1 for 1,000. He expects to receive at annual intervals the following receipts: at the end of Year 1 400; end of Year 2 500; end of Year 3 600. At the end of Year 3 he expects to sell the machine for 400. Spock could receive a return of 10 per cent on the next best investment. The present value of 1 receivable at the end of a period discounted at 10 per cent is as follows: End of Year 1 0.909 End of Year 2 0.826 End of Year 3 0.751 Required: Calculate the ideal economic income, ignoring taxation, and working to the nearest whole euro. Your answer should show that Spock's capital is maintained throughout the period and that his income is constant

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