You purchase an item today you pay 600 down 400 at the end
You purchase an item today. You pay $600 down, $400 at the end of the first year, $300 at the end of the third year, and $200 at the end of the fifth year. Assuming 18% per year compounded annually, what is the present worth?
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you purchase an item today you pay 600 down 400 at the end of the first year 300 at the end of the third year and 200
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