Problem
A new product will generate net revenues of $600,000 per year. The interest rate is 10%.
(a) What is the present worth of the revenue stream if the life is 6 years? 12 years?
(b) Graph the present worth for lives of 1 to 20 years.
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.