What is the present worth of the benefits, Microeconomics

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What is the present worth of the benefits

Problem

Benefits of $7 million (or M) per year will start in year 3. Beginning in year 5, user benefits will increase by $1M per year. What is the present worth of the benefits over 20 years if i = 6%?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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