Lee Child is negotiating a contract to do some works for Haas Corp. over the...
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Accounting
Lee Child is negotiating a contract to do some works for Haas Corp. over the next five years. Haas proposes to pay Lee$10,000 at the end of the third, fourth, and fifth years. No payments will be received prior to that time. If Lee discounts these payments at 8%, what is the contract worth to him today?
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