Compute the total present value of these payments

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Question - Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $2,600 at the end of each of the next five years and a lump sum receipt of $4,100 at the end of the sixth year. Compute the total present value of these payments if interest is at 9%?

Reference no: EM132540873

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