Bob Boyd has developed and copyrighted tutorial software for students in advanced accounting. He agrees to...

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Bob Boyd has developed and copyrighted tutorial software for students in advanced accounting. He agrees to sell the copyright to Campus Learning Systems for six annual payments of $5,000 each. The payments will begin 5 years from today. Given an annual interest rate of 8%, what is the present value of the six payments? Present value of 1 for 4 periods at 8% Present value of 1 for 6 periods at 8% .73503 .63017 Present value of 1 for 10 periods at 8% .46319 Future value of 1 for 4 periods at 8% 1.36049 Future value of 1 for 6 periods at 8% 1.58687 Future value of 1 for 10 periods at 8% 2.15892 Present value of an ordinary annuity of 1 for 4 periods at 8% Present value of an ordinary annuity of 1 for 6 periods at 8% Present value of an ordinary annuity of 1 for 10 periods at 8% Future value of an ordinary annuity of 1 for 4 periods at 8% Future value of an ordinary annuity of 1 for 6 periods at 8% Future value of an ordinary annuity of 1 for 10 periods at 8% 3.31213 4.62288 6.71008 4.50611 7.33592 14.48656 Bob Boyd has developed and copyrighted tutorial software for students in advanced accounting. He agrees to sell the copyright to Campus Learning Systems for six annual payments of $5,000 each. The payments will begin 5 years from today. Given an annual interest rate of 8%, what is the present value of the six payments? Present value of 1 for 4 periods at 8% Present value of 1 for 6 periods at 8% .73503 .63017 Present value of 1 for 10 periods at 8% .46319 Future value of 1 for 4 periods at 8% 1.36049 Future value of 1 for 6 periods at 8% 1.58687 Future value of 1 for 10 periods at 8% 2.15892 Present value of an ordinary annuity of 1 for 4 periods at 8% Present value of an ordinary annuity of 1 for 6 periods at 8% Present value of an ordinary annuity of 1 for 10 periods at 8% Future value of an ordinary annuity of 1 for 4 periods at 8% Future value of an ordinary annuity of 1 for 6 periods at 8% Future value of an ordinary annuity of 1 for 10 periods at 8% 3.31213 4.62288 6.71008 4.50611 7.33592 14.48656

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Okay here are the stepbystep calculations There will be 6 annual payments of 5000 each The payments ... View the full answer