Question: ( Present value of a complex stream ) Don Draper has signed a contract that will pay him $ 8 0 , 0 0 0

(Present value of a complex stream) Don Draper has signed a contract that will pay him $80,000 at the end of each year for the next 7 years, plus an additional $100,000 at the end of year 7. If 9 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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