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What is the value of this contract to dev today

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Reference no: EM132964545

Problem 1: Dev has been offered a contract where he will be paid $10,000 at the end of each year for 5 years and then $15,000 at the end of each year for the next 8 years. If the relevant interest rate is 8% per annum, what is the value of this contract to Dev today? (Solve using formula and show answer correct to the nearer cent.)

Reference no: EM132964545

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