36. Del Monty will receive the following payments at the end of the next three years: $2,000,...
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36. Del Monty will receive the following payments at the end of the next three years: $2,000, $3,500, and $4,500. Then from the end of the fourth through the end of the tenth year, he will receive an annuity of $5,000 per year. At a discount rate of 9 percent, what is the present value of all three future benefits?
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Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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