Question: Don Draper has signed a contract that will pay him $55,000 atthe end of each year for the next 9 ?years, plus an additional$110,000 at

Don Draper has signed a contract that will pay him $55,000 atthe end of each year for the next 9 ?years, plus an additional$110,000 at the end of year 9. If 12 percent is the appropriatediscount? 2 answers

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