What is the present equivalent value of the savings

Reference no: EM131777285

Question: Malloy Inc. has completed research on a method to improve integrated circuit fabrication technology. A study of this technology suggests that it will save $50,000 at the end of the third year. If the interest rate is 20%, what is the present equivalent value of this savings?

- $28.935

- $21,980

- $26,980

- $30,880

Reference no: EM131777285

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