What is the present worth of the profit at an interest rate

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Profits from recycling paper, cardboard,aluminum, and glass have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit(end of the year 1) is expected to be $6000 and the profit trend continues through year 5, what is the present worth of the profit at an interest rate of 8% per year?

Reference no: EM13209432

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