1. A business is generating $100,000 per year for the next ten years except year 5 (used for overhaul). What is the annual revenue of this business at i = 10% per year?
1. A business is generating $100,000 per year for the next ten years except year 5 (used for overhaul). What is the annual revenue of this business at i = 10% per year?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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Transcribed Image Text:1. A business is generating $100,000 per year for the next ten years except year 5 (used for
overhaul). What is the annual revenue of this business at i = 10% per year?
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