As a result of a legal settlement, Hayes Ltd. must make payments of $225,000 every two...
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As a result of a legal settlement, Hayes Ltd. must make payments of $225,000 every two years over the next ten years (i.e. there will be a total of five payments, the first being two years from today and the last being ten years from today). Given a discount rate of 4.75% per year, what is the total present value of these payments? (Round your answer to the nearest dollar, but do not enter any dollar signs or commas.) As a result of a legal settlement, Hayes Ltd. must make payments of $225,000 every two years over the next ten years (i.e. there will be a total of five payments, the first being two years from today and the last being ten years from today). Given a discount rate of 4.75% per year, what is the total present value of these payments? (Round your answer to the nearest dollar, but do not enter any dollar signs or commas.)
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To find the present value of the payments we need to discount each payment to its present valu... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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