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Sherwin Williams will receive $ 1 9 , 7 5 0 a year for the next 1 5 years as a result of a picture

Sherwin Williams will receive $19,750 a year for the next 15 years as a result of a picture he has painted. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. What is the percent value-of these payments if the discount rate is 6 percent?

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