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A financial company that advertises on television will pay you $53,000 now for annual payments of $8,000 that you are expected to receive for a
A financial company that advertises on television will pay you $53,000 now for annual payments of $8,000 that you are expected to receive for a legal settlement over the next 10 years. What is the present value of the annual payments if you estimate the time value of money at 9 percent? Round your PVA factor to 3 decimal places and final answer to the nearest whole dollar.
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
978-0324663853
