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(4 points) On 12-31-15 J entered into an agreement allowing J to collect the following: Starting 12-31-16, $500 every 12-31 until 2020. On 12-31-21, a
- (4 points) On 12-31-15 J entered into an agreement allowing J to collect the following:
- Starting 12-31-16, $500 every 12-31 until 2020.
- On 12-31-21, a one-time collection of $1,000.
- Nothing in 2022 or 2023
- Starting 12-31-24, $1,200 every 12-31 until 12-31-30.
- How much total cash will J eventually collect?
- Assume a market interest rate of 9%. As of 12-31-15, what was the present value of Js receivable?
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Auditing Oracle E Business Suite Common Issues
Authors: Jeffrey T. Hare
1st Edition
1329529766, 978-1329529762
