1. Business
  2. Economics
  3. without using excel...

Question: without using excel...

Question details

3) Your business is expected to generate an $88,888 profit at the end of year 1, and profit will increase by 8% per year through year 8. If the annual interest is 8%, what is the present value of your profits over the next 8 years?

Without using Excel.

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