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Bob the Builder acquires a right to operate a gold mine on April 1, Year 6 by paying $400,000 Bob has to pay four $150,000

Bob the Builder acquires a right to operate a gold mine on April 1, Year 6 by paying $400,000 Bob has to pay four $150,000 installments at the anniversary of the note, starting April 1, Year 7 What is PV? What is N ? What is l/R? What is FV

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