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What is the present worth in year 0 of the profit

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An entrepreneurial new civil engineering graduate started a lab for testing endocrine disrupting compounds. The lab just broke even the first year, but in years 2 through 5, it made a profit of $97,000 each year. What is the present worth in year 0 of the profit at an interest rate of 10% per year?

Reference no: EM13309543

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