What is present worth of profit at interest rate per year

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Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit (end of year 1) is expected to be $6000 and the profit trend continues through year 5, (a) what will the profit be at the end of year 5 and (b) what is the present worth of the profit at an interest rate of 8% per year?

Reference no: EM131246728

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