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A financial company that advertises on television will pay you 558.000 now foe annual payments of 59.900 that you are expected to receive for a

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A financial company that advertises on television will pay you 558.000 now foe annual payments of 59.900 that you are expected to receive for a legal settlement over the next 9 years. Use Ext: a. What is the present value of the annual payments if you estimate the time value of money at 8 percent (Round your PVA tector to 3 decimal places and final answer to the nearest whole dollar) Present value b. Should you accept this offer? Yes

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