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What is the present value of the stream of payments

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Reference no: EM132932882

Mr. Martin Mathur has been awarded with $30,000,000 for his outstanding performance. His winnings will be paid to him in 31 equal annual installments with the first payment made immediately. If the appropriate annual discount rate is 8%, what is the present value of the stream of payments Mr. Mathur will receive?

Reference no: EM132932882

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