Find out the present worth of the investment


Drugs, Inc. recently received the approval from the Drug and Food Administration for its new supplemental drug application for a 300-milligram tablet of an ant platelet treatment. The company invested $170 thousand in the research and development fund for this drug application 7 years ago. Find out the present worth of the investment now, if the company achieves a rate of return of 2% per year?

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Macroeconomics: Find out the present worth of the investment
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