The revenue for a new product that will stay in market for, Business Economics

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The revenue for a new product that will stay in market for

The revenue for a new product that will stay in market for five years is projected at $45,000 in year 1, and the revenue is expected to reduce by $5,000 per year. What is the present value of the projected revenue stream if the interest rate is 8% per year compounded annually?

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Business Economics: The revenue for a new product that will stay in market for

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