Question: Solve the problem using the formula provided below ACTIVITY > A future businessman is set to study business course abroad for 5 yrs. He has

Solve the problem using the formula provided below

ACTIVITY > A future businessman is set to study business course abroad for 5 yrs. He has 50,000 on his savings that he is planning to invest in business after graduation. He deposited his money on time deposit earning 3% annually. How much would be the value of his money after 5 yrs? The formula for calculating the present value of a future stream of nef revenue future revenues minus future costs is R,~C Y where PV represents present value, R - C, represents net revenue (revenue minus cost) in year , ris the interest rate, and is the year

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