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A financial company advertises on television that they will pay you $75000 now in exchange for annual payments of $12500 that you are expected to
A financial company advertises on television that they will pay you $75000 now in exchange for annual payments of $12500 that you are expected to receive for a legal settlement over the next 12 years. You estimate the time value of money at 10%
Calculate the present value of the annual payment
Would you accept this offer? NO or Yes
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