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finance

Question Description

I’m working on a question and need guidance to help me study.


You wrote a piece of software that does a better job of allowing
computers to network than any other program designed for this purpose. A
large networking company wants to incorporate your software into their
systems and is offering to pay you $524,000  today, plus $524,000 at the
end of each of the following six years for permission to do this. If
the appropriate interest rate is 7  percent, what is the present value
of the cash flow stream that the company is offering you? (Round answer to the nearest whole dollar, e.g. 5,275.)

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

aim2help (184)
Cornell University

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