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his Question: 1 pt 8 of 19 (0 complete)This Test: 19 pts possible Question Help Wally, president of Wally's Burgers, is considering franchising. He has

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his Question: 1 pt 8 of 19 (0 complete)This Test: 19 pts possible Question Help Wally, president of Wally's Burgers, is considering franchising. He has a potential franchise agreement hat would allow him to receive 10 end-of-year payments starting one year from now. The first two payments would be $26,000 and $24,000 in one and two years respectively, and then $16,000 per year after that for 8 years. If wally requires a return of 9.7%, what is the present value of this stream of cash flows? What is the present value of this stream of cash flows? (Round to the nearest cent.) This Question: 1 pt 9 of 19 (0 complete)This Test: 19 pts possibl Question Help Determi fully during the stated term. ne the equal, annual, end-of-year payment required over the ife of the following loans to repay them Interest Rate (%) 6 15 Term of Loan (Yrs) 20 9 Annual Payment (s) Loan Principal ($) 20,000 30,000 Interest Rate (%) Term of Loan (Yrs) 20 Annual Payment (s) Loan Principal ($) 20,000 30,000 ? (Round to the nearest cent) 15 (Round to the nearest cent)

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