Answer to Question #35864 in Macroeconomics for lasisi

Question

An entrepreneur wanting to buy the machine and use it for three years , is intended to receive the income of 2 million dollars. , And this income is distributed as follows : in the first year - 400 thousand dollars. , The second - 1 million dollars. , in the third - 600 thousand dollars. It is known that the interest rate is 8 %. What will be the purchase price of the machine ?