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French car-maker Renault signed a $100 million contract with ABB of Zurich for automated underbody assembly lines, workshops, and control systems. If ABB will be

French car-maker Renault signed a $100 million contract with ABB of Zurich for automated underbody assembly lines, workshops, and control systems. If ABB will be paid in 4 years (when the systems are ready), what is the present worth of the contract at 13% per year interest?

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