What is the present value of the contract

Reference no: EM132000361

Question: Michelle entered into a contract that requires her to make equal payments of $5,000 each year for 10 years. The first payment begins two years from now. What is the present value of this contract if the cost of funds is 8%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132000361

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