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A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. 

Each successive year yields a return that is $3,000 less than the previous year's return. 

If money is worth 5 percent, use a gradient series factor to determine the equivalent present worth for the investment.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9486471

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