How much are these rights worth to charlie brother

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Charlie knows that he will receive $10,000 in exactly six years from an investment he made several years ago. He wants to "cash out" by selling the rights to this money to his brother today. His brother is willing to buy the rights today, but only if he receives a return of 5% annually. How much are these rights worth to Charlie's brother?

Reference no: EM132364522

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