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

Don Draper has signed a contract that will pay him 60,000 at the end of each year for the next 6years, plus an additional 120000 at the end of year 6. If 9 percent is the appropriate discount rate, what is the present value of this contract?

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