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3. a 75000 investment is made over a 5year period a...

# Question: a 75000 investment is made over a 5year period a...

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A $75,000 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 13 % less than the previous year’s return. If money is worth 5%, what is the equivalent present worth for the investment?