Present value of an annuity due

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Present value of an annuity due- You inscribed a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company needs to incorporate your software into their systems as well as is offering to pay you $500,000 today, plus $500,000 at the end of each of the subsequent six years for permission to do this. If the appropriate interest rate is 6 percent what is the present value of the cash flow stream that the company is offering you?

Reference no: EM1345207

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