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What is the cash value of the sister share of the business

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Reference no: EM132600166

Question 1: Mike acquired his sister's share of their business by agreeing to make payments of $4711.00 at the end of each year for 8 years. If the payments are deferred for three years and money is worth 5.96% compounded quarterly, what is the cash value of the sister's share of the business?

Reference no: EM132600166

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