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Frontier has been ordered to pay reparations for damage caused by their operations. As part of the verdict Frontier is required to make the first
Frontier has been ordered to pay reparations for damage caused by their operations. As part of the verdict Frontier is required to make the first payment of $25 million in year 3.535 milion each in years 4 and 5.545 million at the end of years 67 9 and 10 to settle the plaintiffs grievances. Frontier would like to set aside a lumpsum amount today in an account that pays interest at an annual rate of 9 to meet the verdict. How large should the amount be? (10 points) $196,86 million 5160 61 million 52145 million 5320 milion
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