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Question 1 5 pts A wholesale company has signed a contract with a supplier to purchase goods for $2,000,000 annually. The first purchase is made
Question 1 5 pts A wholesale company has signed a contract with a supplier to purchase goods for $2,000,000 annually. The first purchase is made today, followed by 10 more purchases at yearly intervals. That is, the first payment is at t=0, and the last payment is at t==10 years. Determine the contract's present worth at an interest rate of 8%/year
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