ACCT 3020 Accounting

The market for widgets is increasing by 15% per year from current profits of $2,000,000. Investing in a design change will allow the profit per widget to stay steady; otherwise the price will drop by 3% per year. If inflation in the economy is 4%, what is the present worth in Year-1 dollars of the savings over the next 10 years? The interest rate is 10%.

20 Other / Other anderson-university-south-carolina / ACCT 3020 18 Nov 2019