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What is the present value of this contract

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Reference no: EM133151412

Question - Don Draper has signed a contract that will pay him $65,000 at the end of each year for the next 5 years, plus an additional $140,000 at the end of year 5. If 8 percent is the appropriate discount rate, what is the present value of this contract?

Reference no: EM133151412

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