What is the present value in the given question

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Question: The market for a product is expected to increase at an annual rate of 8%. First-year sales are estimated at $60,000, the horizon is 15 years, and the interest rate is 10%. What is the present value? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132157893

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