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Present and future value tables of 1 at 9% are presented below. Mustard's Inc. sold the rights to use one of its patented processes that

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Present and future value tables of 1 at 9% are presented below. Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $3, 700 at the end of each of the next four years and a lump sum receipt of $5, 200 at the end of the third year. the total present value of these payments if interest is at 9% is: $7, 972. $16,002. $11, 987. $4, 015

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