3. ABC Company sold the rights to use one of their patented processes that will...
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Accounting
3. ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $10,000 at the end of every six months for each of the next five years and a lump sum payment of $20,000 at the end of the sixth year. Calculate the total present value of these payments assuming the interest rate is 10% compounded semi-annually.
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