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Please solve step by step 7) Oakville Trucking just signed a $5.0 million contract. The contract calls for a payment of $1.25 million today, $1.75
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7) Oakville Trucking just signed a $5.0 million contract. The contract calls for a payment of $1.25 million today, $1.75 million one year from today, and $2.0 million two years from today. What is this contract worth today at a discount rate of 7.25 percent? A) $4,620,444.63 B) $4,923,275.74 C) $3,247,628.58 D) $4.341,851.15 E) $4,342,468.17Step by Step Solution
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