Question
John recently signed a contract: receiving 100,000 every YEAR for the following 5 years. Then, receive 150,000 per YEAR for the next following 5 years.
John recently signed a contract: receiving 100,000 every YEAR for the following 5 years. Then, receive 150,000 per YEAR for the next following 5 years. How much is the contract worth in today's dollars, assuming an annual discount rate of 5.5%?
approx. 917,130
approx. 425,110
approx. 824,250
approx. 685,230
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
