Question: Creekside Engineering will pay $24,000 per year for errors and omissions liability insurance. What is the present worth of the coverage for 10 years? (Firms

Creekside Engineering will pay $24,000 per year for errors and omissions liability insurance. What is the present worth of the coverage for 10 years? (Firms similar to Creekside average one claim every 10 years). The interest rate is 9%

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