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Time Value of Money.

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A 9 million dollar contract that stipulates equal payments to be made monthly over a period of five years. To determine what such a contract is worth today, you would need to use

Choices are

present value factors
future values factors
presnt value factors of an annuity
future value factors of an annuity

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A 9 million dollar contract that stipulates equal payments to be made monthly over a period of five years. To determine what such a contract is worth today, you would ...

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Answers a multiple choice question on Time Value of Money.

$2.19