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A financial company that advertises on television will pay you $ 4 0 , 0 0 0 now for annual payments of $ 7 ,
A financial company that advertises on television will pay you $ now for annual payments of $ that you are expected to receive for a legal settlement over the next years.
a What is the present value of the annual payments if you estimate the time value of money at percent?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
