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You have successfully started and operated a company for the past 1 0 years. You have decided that it is time to sell your company
You have successfully started and operated a company for the past years. You have decided that it is time to sell your company and spend time on the beaches of Hawaii. A potential buyer is interested in your company, but he does not have the necessary capital to pay you a lump sum. Instead, he has offered $ today and annuity payments for the balance. The first payment will be for $ in three months. The payments will increase at percent per quarter and a total of quarterly payments will be made. If you require an EAR of percent, how much are you being offered for your company? Do not round intermediate calculations and round your answer to decimal places, eg
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