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You just signed a business consulting contract with one of your clients. The client will pay you $30,000 a year for 5 years for the
You just signed a business consulting contract with one of your clients. The client will pay you $30,000 a year for 5 years for the service you will provide over this period. You anticipate the general inflation rate over this period to be 3.5%. If your desired inflation-free interest rate to be 14%, what is the worth of the 5th payment in todays dollars?
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