What is the present equivalent value of this savings, Microeconomics

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What is the present equivalent value of this savings

Problem

Malloy Inc. has completed research on a method to improve integrated circuit fabrication technology. A study of this technology suggests that it will save $50,000 at the end of the third year. If the interest rate is 20%, what is the present equivalent value of this savings?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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