timer Asked: Jul 29th, 2013
account_balance_wallet $5

Question Description

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.)

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