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Questions 4-5 are based on the following information. Your best friend will receive $150,000 a year for 8 years, starting today. He wants you to
Questions 4-5 are based on the following information. Your best friend will receive $150,000 a year for 8 years, starting today. He wants you to use the information you received in your Business Finance class to help him answer some questions 4. If the rate of return is 8.25 percent, what are these payments worth today? a. $912,316.21 b. $840,521.22 c. $924,322.49 d. S928,902.31 5. How much would he receive at the beginning of each year, starting today, if he invested $1,000,000 a. $163,041.41 b. $161,971.69 c. $141,654.32 d. S162,281.02 Questions 4-5 end
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