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Business, 06.05.2021 23:30 JuJu4710

Sherwin Williams will receive $18,500 a year for the next 25 years as a result of a picture he has painted. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 12 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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