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Del Monty will receive the following payments at the end of the next three years: $12,000, $15,000, and $17,000. Then, from the end of the
Del Monty will receive the following payments at the end of the next three years: $12,000, $15,000, and $17,000. Then, from the end of the 4th through the end of the 10th year, he will receive an annuity of $18,000 per year. At a discount rate of 10%, what is the present value of all three future benefits? |
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