Determine the present worth of total revenue


A major electronics manufacturer expects to produce the additional revenue from its recently won government contract. The company forecasts that revenue will be $190 million in the first year, but will decline by $2 million every year for the next 3 years. Determine the present worth of total revenue at an interest rate of 18% per year?

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Macroeconomics: Determine the present worth of total revenue
Reference No:- TGS0873079

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