Renovations estimated to cost $500,000 will increase sales for the first three years by $80,000 per year, by $90,000 for the next three years, and by $100,000 for four more years. If money earns 10% compounded annually, should the renovations be made?

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The Answer of Renovations estimated to cost $500,000 will increase sales for the first three years by $80,000 per year, by $90,000 for the next three years, and by $100,000 for four more years. If money earns 10% compounded annually, should the renovations be made?

Renovations Estimated to Cost $500,000 Will Increase Sales for the First