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Homework 3 Ch 6,7,8 eBook Problem 6-57 Lee Childs is negotiating a contract to do some work for Haas Corp. over the next five years.

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Homework 3 Ch 6,7,8 eBook Problem 6-57 Lee Childs is negotiating a contract to do some work for Haas Corp. over the next five years. Haas proposes to pay Lee $10,000 at the end of each of the third, fourth, and fifth years. No payments will be received prior to that time. If Lee discounts these payments at 10.5%, what is the contract worth to him today? Round the answer to 2 decimal places. S 17,264.46 X Feedback Check My Work Incorrect

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