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Wilt has a consulting contract with a firm that states that he will receive annual payments of $50,000 a year for five years with the

Wilt has a consulting contract with a firm that states that he will receive annual payments of $50,000 a year for five years with the first payment due today. What is the current value of this contract if the discount rate is 8.4 percent?

Answer is $214,142.50 but I keep getting $197,548.43.

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