Business, 02.12.2021 23:10 FlyToTheGalaxy

Ben sold his small online business for $100,000. The purchaser will pay him $20,000 today, then $20,000 every year for the next four years. Assume that Ben could invest a lump-sum payment today in an account yielding an interest rate of 4% annually. Find the total present value of all five payments.

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Ben sold his small online business for $100,000. The purchaser will pay him $20,000 today, then $20,...

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