Titan Breweries has a contract with a bottle-making company for 20 years. The contract will pay $1 million to the bottle-making company every year. The amount will increase by $100,000 each year through 20 years. At an interest of 10%, what is the expression for the present worth? OP 1.000,000A/P, 10%, 21) + 100, 000(P/G, 10%, 21) OP= 1,000,000 P/G. 10%, 21) + 100,000(P/A, 10%. 21) OP 1,000,000(P/A, 10%.21)+100,000(P/G, 10%.21) P1,000,000(P/A, 10%, 20)+100, 000 P/G, 10%. 20)

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Titan Breweries has a contract with a bottle-making company for 20 years. The contract will pay $1 million to the bottle-making company every year. The amount
will increase by $100,000 each year through 20 years. At an interest of 10%, what is the expression for the present worth?
OP 1.000,000A/P, 10%, 21) + 100, 000(P/G, 10%, 21)
OP= 1,000,000 P/G. 10%, 21) + 100,000(P/A, 10%, 21)
OP 1,000,000(P/A, 10%.21)+100,000(P/G, 10%.21)
P1,000,000(P/A, 10%, 20)+100, 000 P/G, 10%. 20)
Transcribed Image Text:Titan Breweries has a contract with a bottle-making company for 20 years. The contract will pay $1 million to the bottle-making company every year. The amount will increase by $100,000 each year through 20 years. At an interest of 10%, what is the expression for the present worth? OP 1.000,000A/P, 10%, 21) + 100, 000(P/G, 10%, 21) OP= 1,000,000 P/G. 10%, 21) + 100,000(P/A, 10%, 21) OP 1,000,000(P/A, 10%.21)+100,000(P/G, 10%.21) P1,000,000(P/A, 10%, 20)+100, 000 P/G, 10%. 20)
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