Suppose you wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. a large networking company wants to incorporate your software into their systems and is offering to pay you $470,000 today, plus $470,000 at the end of each of the following six years for permission to do this. if the appropriate interest rate is 6 percent, what is the present value of the cash flow stream that the company is offering you?

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You are being offered a seven year annuity due You can ... View the full answer