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A software designer has been asked to build a few apps for a start - up company. The company can't pay him a salary but
A software designer has been asked to build a few apps for a startup company. The company can't pay him a salary but rather will pay him a commission on
sales of the smart phone apps that he writes. He will get a royalty for his effort. The company has projected the following sales over the next three
years.
The designer has a personal discount rate. What is the present value of his contract today?
Answer format: Currency: Round to: decimal places.
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