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Income from sales of an injection cleaning gasoline additive has been averaging $170,000 per year for five years. At an interest rate of 10% per year, the future worth of the income at the end of year 5 is closest to:

Income from sales of an injection cleaning gasoline additive has been averaging $170,000 per year for five years. At an interest rate of 10% per year, the future worth of the income at the end of year 5 is closest to:

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Solve this finance but not use the excel

Income from sales of an injection cleaning gasoline additive has been averaging $170,000 per year for five years. At an interest rate of 10% per year, the future worth of the income at the end of year 5 is closest to: $1,037,867 $1,326,534 $1,252,202 $1,004,722 $850,000
Transcribed Image Text:Income from sales of an injection cleaning gasoline additive has been averaging $170,000 per year for five years. At an interest rate of 10% per year, the future worth of the income at the end of year 5 is closest to: $1,037,867 $1,326,534 $1,252,202 $1,004,722 $850,000
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