2. Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of Php55000 in each of the last 3 years. If this year's profit (end of year 1) is expected to be Php30000 and the profit trend continues through year 5, what is the present worth of the profit at an interest rate of 8% per year? A Php525.26k Php405.48k C Php199.78k Php285.70k

2. Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of Php55000 in each of the last 3 years. If this year's profit (end of year 1) is expected to be Php30000 and the profit trend continues through year 5, what is the present worth of the profit at an interest rate of 8% per year? A Php525.26k Php405.48k C Php199.78k Php285.70k

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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