Homework Answers
Cumulative export in year 2026 = $8,000,000*annuity factor of 10% for 11 years
Cumulative export in year 2026 = $8,000,000*2.853
Cumulative export in year 2026 = $22,824,934
General formula = present value * annuity factor of given interest rate for required number of years.
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