Steve
And what does that mean the present
value of the $850,000 per year is?
Luke
$3,222,350
Correct! $850,000 Ć 3.791 = $3,222,350
Steve
Ok, last part! We've calculated the pieces
separately, just need to bring it all
together. What is the present value of the
total contract?
$5,150,000
$4,156,120
$3,222,350