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Q11 Carol is selling her small business and has just received an offer of $45,000 now plus year-end payments of $15,000 for each of the

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Q11

Carol is selling her small business and has just received an offer of $45,000 now plus year-end payments of $15,000 for each of the next 5 years. Assuming an interest rate of 6.29% compounded annually (j1), calculate the value of the offer in today's dollars

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