Roxanne invested $490,000 in a new business 10 years ago. The business was expected to...
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Roxanne invested $490,000 in a new business 10 years ago. The business was expected to bring in $5,000 each month for the next 19 years (in excess of all costs). The annual cost of capital (or interest rate) for this type of business was 10% with monthly compounding. What is the value of the business today?
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