Statistics Solutions

[Solution] The owner of a road collects $7 per car that drives on the road. in the current year 10,000 cars will drive on the road. This number will grow

Question: The owner of a road collects $7 per car that drives on the road. in the current year 10,000 cars will drive on the road. This number will grow by 3% per year. What is the present value of all of the tolls collected for the next 20 years if the discount rate is 12% and the toll per car does not change? Answer to the nearest dollar.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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