A CAD center just purchased a CAD software for ₹50,000 now and annual payments of ₹5,000 per year for 8 years starting 4 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 8\% per year?
A CAD center just purchased a CAD software for ₹50,000 now and annual payments of ₹5,000 per year for 8 years starting 4 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 8\% per year?