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How much total cash will j eventually pay

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Question - On 12-31-14 J entered into an agreement requiring J to pay $2,000 starting 12-31-16 and ending on 12-31-27.

Required -

a) How much total cash will J eventually pay?

b) Assume a market interest rate of 6%. As of 12-31-14, what was the present value of J's payable?

Reference no: EM132530775

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