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A financial company that advertises on television will pay you $53,000 now for annual payments of $9,000 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 $9,000 that you are expected to receive for a legal settlement over the next 8 years. Use Exhibit 1-D. a. What is the present value of the annual payments if you estimate the time value of money at 8 percent? (Round your PVA factor to 3 decimal places and final answer to the nearest whole dollar.) b. Should you accept this offer? No Yes
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