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You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $50,000 for the next five years. At a

You have a sub-contracting job with a local manufacturing firm. Your agreement calls for annual payments of $50,000 for the next five years. At a discount rate of 12%, what is this job worth to you today?

a.$180,238.81

b.$201,867.47

c.$210,618.19

d.$223,162.58

e.$224,267.10

Please do not use Microsoft Excel, I would like to know the formulas or how to solve in Ti-84 Plus. Thank You!

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