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Question 10 options: A financial company that advertises on television will pay you $61,000 now for annual payments of $9,400 that you are expected to

Question 10 options:

A financial company that advertises on television will pay you $61,000 now for annual payments of $9,400 that you are expected to receive for a legal settlement over the next 11 years. Assume you estimate the time value of money at 12 percent.

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