Signed contract with supplier to purchase goods

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Reference no: EM131048567

A wholesale company has signed a contract with a supplier to purchase goods for $2,000,000 annually. The first purchase will be made now to be followed by 10 more. Determine the contract's present worth at a 7% interest rate.

Reference no: EM131048567

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Signed contract with supplier to purchase goods : A wholesale company has signed a contract with a supplier to purchase goods for $2,000,000 annually. The first purchase will be made now to be followed by 10 more. Determine the contract's present worth at a 7% interest rate.

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