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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?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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