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%.
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Other
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Other
anderson-university-south-carolina
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ACCT 3020
18 Nov 2019