You purchase an item today you pay 600 down 400 at the end


You purchase an item today. You pay $600 down, $400 at the end of the first year, $300 at the end of the third year, and $200 at the end of the fifth year. Assuming 18% per year compounded annually, what is the present worth?

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Business Economics: You purchase an item today you pay 600 down 400 at the end
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