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If money is worth 5 percent what is the equivalent present

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A $90,000 investment is made. Over a 5 year period, a return of $30,000 occures at the end of the first year. Each successive year yields a return that is 10 percent less than the previous year's return. If money is worth 5 percent, what is the equivalent present worth for the investment.

Reference no: EM13337755

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