An Australian based energy drink manufacturer plans to expand its international markets to the untapped Middle East region. The company expects that the expansion will bring additional net income of $48586 in the first year of the operation and amounts increasing by $4872 for the next 22 years. What is the annual equivalent amount of the net income at an interest rate of 12% per year?
An Australian based energy drink manufacturer plans to expand its international markets to the untapped Middle East region. The company expects that the expansion will bring additional net income of $48586 in the first year of the operation and amounts increasing by $4872 for the next 22 years. What is the annual equivalent amount of the net income at an interest rate of 12% per year?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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