A 24- Hour Music Network Plans to Add Satellite Technology

question 9

Short Answer

A 24- hour music network plans to add satellite technology to allow its expansion into other major southern markets. The network expects the monthly revenue to increase by
$380,000 from new cable subscription fees. The satellite will require an initial cost of $2 million with monthly operating and maintenance costs of $340,000. It will have a $122,000 salvage value after 6 years. Calculate the net present worth of this investment at an interest rate of 4% per year, compounded continuously.

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Definitions:

Violence

The exertion of physical force so as to injure or abuse.

Black Power

A political slogan and a name for various associated ideologies aimed at achieving self-determination for people of African descent.

Freedom Rally

A public demonstration advocating for civil liberties and rights, often associated with the civil rights movement and emancipation events.

1966

A year notable for significant events in civil rights and cultural shifts worldwide, including advancements in the civil rights movement in the United States.