Thursday
July 24, 2014

Homework Help: Economics

Posted by katie on Saturday, February 23, 2013 at 8:30am.

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.

ANSWER is = $15,173.55

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - One year ago, you bought a bond for $10,000.00. You received ...
Economics - One year ago, you bought a bond for $10,000. You received interest ...
Finance - 9. H Corporation is considering a training program that cost $600,000...
finance - The required investment is $1 million, and anticipated year-end cash ...
Probability - There are three investment plans for your consideration. Each plan...
business - A women has $500,000 invested in two rental properties. One yields an...
Money and Banking - One year ago, you bought a bond for $10,000. You received ...
Finance - One year ago, you bought a bond for $10,000. You received interest of...
Finance - An income-producing property is priced at $600,000 and is expected to ...
Finance:capital budget - I am suppose to write a 1400 word paper based on the ...

Search
Members