Question: Don Draper has signed a contract that will pay him $ 6 0 , 0 0 0 at the end of each year for the

Don Draper has signed a contract that will pay him $60,000 at the end of each year for the next 5 years plus an additional $150,000 at the end of five year five if 8% is the appropriate discount rate what is the present value of this contract

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