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When Kirstie Alley passed away her ex husband Parker Stevenson had promised to put fresh flowers on her grave every Sunday. The week after her

When Kirstie Alley passed away her ex husband Parker Stevenson had promised to put fresh flowers on her grave every Sunday. The week after her death in 1962, alot of new flowers that the ex husband thought was appropriate costed $7. Parker could expect to live for 28 years after the actress died. Assume that the EAR is 10.4% Assume that the price of the flowers will increase at 4.4% per year, when expressed as an EAR. Assuming that each year has exactly 52 weeks, what is the present value of this commitment? Parker began purchasing flowers the week after Kirstie died. Multiple choice: a. $5,404.58, b.5,301.63, c.5147.22, d.4992.80, e.$4889.86

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