What is the present equivalent of a geometric series

Reference no: EM132048243

Question: What is the present equivalent of a geometric series with first year receipts of $1,000,000 and then subsequently the receipts are decreasing by 25% per year up to year 4 with an interest rate of 6%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132048243

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