Wilson Phung has signed a contract that will pay him ($89,000) at the beginning of each year

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Wilson Phung has signed a contract that will pay him \($89,000\) at the beginning of each year for the next 8 years, plus an additional \($124,000\) at the end of year 8. If 7 percent is the appropriate discount rate, what is the present value of this contract?

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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