An engineer estimates that the annual toll revenue from a, Business Economics

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An engineer estimates that the annual toll revenue from a

An engineer estimates that the annual toll revenue from a newly proposed highway construction over 20 years will increase at a rate of 4%. The revenue for the first year is $2,000,000. What is the present value of the toll revenue if the state can earn 6% on their money?

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Business Economics: An engineer estimates that the annual toll revenue from a

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