1. Business
  2. Economics
  3. a 75000 investment is made over a 5year period a...

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

Question details

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?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution