Couple operate a pet sitting service on the side

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A couple operate a pet sitting service on the side. They want to add a daily service of a photo placed online for pet owners who are travelling. The required equipment is expected to cost $636 to purchase and $16 per month to operate. Revenues are expected to be $31 per month. For a usable period of 3 years, what is the present worth of this plan? Assume an interest rate of 13% per year compounded monthly.

Reference no: EM13733479

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