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77julia77 [94]
3 years ago
13

You have a sub-contracting job with a local manufacturing firm. your agreement calls for 5 annual end-of-year payments of $50,00

0 over the next five years, with the first payment being made a year from today. at a discount rate of 12%, what is the value today of this payment stream?
Business
1 answer:
timama [110]3 years ago
7 0
PW = 50000×(((1.12^5)-1)÷(.12×1.12^5))= $180239
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