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A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $108,937 million in the first year, but will decline by $2,295 million every year for the next 20 years after which time the product will no longer made. What is the present value of total revenue at an interest rate of 10% per year?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91237063

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