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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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