Question: Question 4 ( 1 point ) Retake question A new software was purchased by your company. The initial payment for the software was $ 1

Question 4(1 point) Retake question
A new software was purchased by your company. The initial payment for the software was $10,000. Annual payments for maintenance will start in year 2 of the software and are $1100. The company will meet these terms for 6 years before renegotiating the terms of the software. Using an assumed interest rate of 9.8%, what is the present value of the maintenance payments only on the software?
Question 4(1 point) Retake question A new software was purchased by

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