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i will rate up 8. You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $50,000 for the

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8. You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $50,000 for the next five years. At a discount rate of 12 percent, what is this job worth to you today? A. $180,238.81 B. $201,867.47 C. $210,618.19 D. $223,162.58 9. Annuities where the payments occur at the end of each time period are called whereas refer to annuity streams with payments occurring at the beginning of each time period. A. ordinary annuities; early annuities B. ordinary annuities; annuities due C. annuities due; ordinary annuities D. straight annuities; late annuities 10. The interest rate expressed as if it were compounded once per year is called the rate. A. effective interest

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