Business
Business, 02.09.2021 17:50, danielle4124

A financial company advertises on television that they will pay you $60,000 now in exchange for annual payments of $9,500 that you are expected to receive for a legal settlement over the next 12 years. You estimate the time value of money at 10 percent. (a) Calculate the present value of the annual payments. Use Exhibit 1-D. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) (b) Would you accept this offer

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