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(Present value of a complex stream)Don Draper has signed a contract that will pay him at$65000 the end of each year for the next 8years,
(Present value of a complex stream)Don Draper has signed a contract that will pay him at$65000 the end of each year for the next 8years, plus an additional $130,000 at the end of year . If 11 percent is the appropriate discount rate, what is the present value of this contract?.
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