A young graduate has been offered a time-share on a condo in Steamboat Springs, Colorado....
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A young graduate has been offered a time-share on a condo in Steamboat Springs, Colorado. To be a part owner, the graduate must pay $1,769.00 at the end of each year for the next 16.00 years. If the graduate's discount rate is 6.00%, what is the cost of this opportunity in today's dollars? In other words, what is the most the graduate should be willing to pay today instead of making payments? Assignment is past due
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