Question: Your small firm imvests $ 1 2 0 , 4 0 7 today and expects to recelve 9 annual payments of $ 2 1 .

Your small firm imvests $120,407 today and expects to recelve 9 annual payments of $21.450(the first payment will be paid one year from todayl. If the appropriate interest rate to use of 10% per year, what is the net present value (NPV)? Express your answer accurate and rounded to the nearest penny.
Your small firm imvests $ 1 2 0 , 4 0 7 today and

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