Question
A financial company that advertises on television will pay you $55,000 now for annual payments of $10,000 that you are expected to receive for a
A financial company that advertises on television will pay you $55,000 now for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 9 percent.
what is the present value?
would you accept this offer? yes or no?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
