A 90000 investment is made over a 5-year period a return of


A $90,000 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 7% less than the previous year’s return. If money is worth 5%, what is the equivalent present worth for the investment?

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Financial Management: A 90000 investment is made over a 5-year period a return of
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