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5. En 12-31-14 J entered into an agreement allowing J to collect the following: Starting 12-31-15, $200 every 12-31 until 2024. On 12-31-25, a one-time
5. En 12-31-14 J entered into an agreement allowing J to collect the following: Starting 12-31-15, $200 every 12-31 until 2024. On 12-31-25, a one-time collection of $1,500. Nothing in 2026. Starting 12-31-27, $500 every 12-31 until 12-31-31. How much total cash will J eventually collect? Assume a market interest rate of 10%. As of 12-31-14, what was the present value of J's receivable? 5. En 12-31-14 J entered into an agreement allowing J to collect the following: Starting 12-31-15, $200 every 12-31 until 2024. On 12-31-25, a one-time collection of $1,500. Nothing in 2026. Starting 12-31-27, $500 every 12-31 until 12-31-31. How much total cash will J eventually collect? Assume a market interest rate of 10%. As of 12-31-14, what was the present value of J's receivable
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