Gojo will receive Php 12,000 per year for the next 10 years as royalty for her work

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Gojo will receive Php 12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the interest rate is 12 percent?

Related Book For answer-question

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Posted Date: Apr 07, 2024 02:44 PM

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Gojo will receive Php 12,000 per year for the next 10 years as royalty for her work

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Expert Answer:

Answer The present value of Gojos royalty income is Php 6780268 Heres how we can ca... View the full answer

Contemporary Financial Management

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