Multiple Choice
A project requires $10 000 as initial investment and will earn a revenue of $2 000 per year over the next seven years. The interest rate is 5.0% per year. What is the present worth of the project's costs?
A) $1 573
B) $2 000
C) $8 681
D) $10 000
E) $11 573
Correct Answer:
Verified
Correct Answer:
Verified
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