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  3. your company signed an agreement in which it receives 4000...

Question: your company signed an agreement in which it receives 4000...

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Your company signed an agreement in which it receives $4000 now, $5000 next year, $6000 the year after that and continuing to increase each year by $1000 until in its last year the company receives $16,000. At 10% interest per year, calculate the present worth of this deal.
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