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Emerson developed a new style of camping trailer. He is considering a licensing agreement with Easy - Tow, who will manufacture the new trailer. They
Emerson developed a new style of camping trailer. He is considering a licensing agreement with EasyTow, who will manufacture the new trailer. They are proposing to pay him $ now, an $ at the beginning of each of the ten years of the licensing agreement, starting in two years. If interest is compounded semiannually, what is the agreement worth today?
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