A small business with an initial outlay of SR 12,000 yields SR 10,000 during the first year of its operation and the yie
Posted: Sun Jun 05, 2022 11:41 am
A small business with an initial outlay of SR 12,000 yields SR
10,000 during the first year of its operation and the yield
increases by SR 1,000 from its second year of operation up to its
10th year of operation. At the end of the life of the business, the
salvage value is zero. Find the present worth of the business by
assuming an interest rate of 18%, compounded annually.
10,000 during the first year of its operation and the yield
increases by SR 1,000 from its second year of operation up to its
10th year of operation. At the end of the life of the business, the
salvage value is zero. Find the present worth of the business by
assuming an interest rate of 18%, compounded annually.