Don Draper has signed a contract that will pay him $ 80,000 at the end of each

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Don Draper has signed a contract that will pay him $ 80,000 at the end of each year for the next 6 years, plus an additional $ 100,000 at the end of year 6. If 8 percent is the appropriate discount rate, what is the present value of this contract?

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Sep 11, 2015 07:21 AM

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Don Draper has signed a contract that will pay him $ 80,000 at the end of each

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Foundations of Finance The Logic and Practice of Financial Management

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