# How much money could RTT Environmental Services borrow to finance a site reclamation project if it expects revenues of \$280,000 per year over a 5-year cleanup period? Expenses associated with the project are expected to be \$90,000 per year. Assume the interest rate is 10% per year.

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How much money could RTT Environmental Services borrow to finance a site reclamation project if it expects revenues of \$280,000 per year over a 5-year cleanup period? Expenses associated with the project are expected to be \$90,000 per year. Assume the interest rate is 10% per year.

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Step 1

Given: i=0.1 , n= 5, expenses (E)=\$90000, Revenue (R) = 280000

Step 2

Money that RTT Environmental Services should borr...

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