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Present value of a complex stream

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(Present value of a complex stream) Dan Draper has signed a contract that will pay $55,000 at the end of each year for the next 8 years, plus an additional $100,000 at the end of year 8. If 12 percent is the appropriate discount rate, what is the present value of this contract?

The present value of the contract is ___?

Reference no: EM133073481

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