12. Calculating the Present Value of Future Cash Flows. A financial company advertises on television that they
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12. Calculating the Present Value of Future Cash Flows. A financial company advertises on television that they will pay you
$60,000 now in exchange for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years. If you estimate the time value of money at 10 percent, would you accept this offer? (Obj. 4)
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