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University of Detroit signed a new five-year concessions contract under which they will receive $1M for the first two years, $1.2M for the second two

  1. University of Detroit signed a new five-year concessions contract under which they will receive $1M for the first two years, $1.2M for the second two years and $1.5M for the final year of the contract. What is the present value of the total deal if payments are discounted at 6%

Please show work by adding excel file or screenshot of work done in excel including formulas. thank you

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