What is the present worth of the coverage

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Question: Creek side Engineering will pay $24,000 per year for errors and omissions liability insurance. What is the present worth of the coverage for 10 years? (Firms similar to Creek side average one claim every 10 years.) The interest rate is 9%. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131806948

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