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Find the present worth in year 0 of $60,000 in year 3 and amounts increasing by 15% per year through year 10 at an interest rate of 11% per year. g

Answer :

hyderali230 hyderali230

Today at 5:57 PM

Answer:

Present worth is 398,577

Explanation:

First we need to grow the payment by 15% each year after year 4. Then we need to discount the amounts using the interest rate of 11% each year.

All the workings are done in the pdf file attached with this answer, please find it.

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