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MidAm Charter purchased five planes so that it can initiate service to small cities that have airports with short runways. MidAm expects revenue of $1 million in year 1, 1.2 million in year 2 and amounts increasing by $200,000 per year thereafter. If the company's MARR is 10 percent per year, what is the future worth of the revenue through the end of year 5?

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Financial Management, Finance

Category:- Financial Management
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