A firm promises to pay $74.19 per year for 9 years. At 3.25% interest, what...
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A firm promises to pay $74.19 per year for 9 years. At 3.25% interest, what maximum should you be willing to pay? What is the future value of such a cash flow at the end of 9 years? Correct answer is $570.97 max to pay and FV of $761.43. Please show how to get the correct answers with formulas
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