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ST Trucking is considering entering into a five-year contract. The contract calls for a payment of $1.10 million immediately today, and $1.50 million one year
ST Trucking is considering entering into a five-year contract. The contract calls for a payment of $1.10 million immediately today, and $1.50 million one year from today, and 1.75 million each of the following three years. If the company must earn 7.50% annually, what is the value of the contract today
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