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Business, 02.04.2020 01:34 jwdblue

You are considering an investment that costs $2,000. It is expected to have a usefule life of three years. You are very confidnt about the revinues during the first two years ($1,000 in Year 1 and $1,200 in Year 2), but you are very unsure about the revenue in year 3. If you hope to make at least 10% rate of return in your investment, what is the minimun revenue in year 3 that would make this possible?

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