What is the present worth of the contract through treatment

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Reference no: EM13204250

An environmental soil cleaning company got a contract to remove BTEX contaimination from an oil company tank farm site. The contract required the soil cleaning company to provide quarterly invoices for materials and services provided. If the material costs were $140,000 per quarter and the service charges were calculated as 20% of the material costs, what is the present worth of the contract through the 3 year treatment period at an interest rate of 1% per month?

Reference no: EM13204250

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