Question: ( Present value of a complex stream ) Don Draper has signed a contract that will pay him $ 5 5 , 0 0 0

(Present value of a complex stream) Don Draper has signed a contract that will pay him $55,000 at the end of each year for the next 7 years, plus an additional $120,000 at the end of year 7. If 12
percent is the appropriate discount rate, what is the present value of this contract?
The present value of the contract is $,(Round to the nearest cent.)
(Present value of a complex stream) Don Draper has signed a

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