Howard bought a new hot tub today from Situation Hot Tubs. What is the present...
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Howard bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this traction transaction if the discounted rate is 5.80%, he will recieve a rebate of $843 from Situation Hot Tubs in 2 years, and he will pay $3,806 to situation Hot Tubs in 5 years? Note: correct answer is less than zero
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