What is the equivalent present worth

Reference no: EM132162439

Question - The R&D period for a new product will be 3 more years. Income of $350K will be received at the end of year 4. Beginning in year 5 and continuing through year 10, income will rise $50K per year. What is the equivalent present worth, if the interest rate is 12%?

Reference no: EM132162439

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