A series of five payments in constant dollars, beginning with $6,000 at the end of the first year, are increasing at the rate of 5% per year. Assume that the average general inflation rate is 4%, and the market interest rate is 11%. What is the equivalent present worth of the series

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.