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You expect to receive $350,000 per year on a contract that will last 2 years. You are trying to compare this offer to a lump

You expect to receive $350,000 per year on a contract that will last 2 years. You are trying to compare this offer to a lump sum payment. If you can earn 8% on your investments, how much is the contract worth to you today? Multiple Choice $624,050 $901,950 $299,950 $724,050 $575,500

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