What is present value of these payments if the discount rate

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Sherwin Williams will receive $19,500 a year for the next 25 years as a result of a picture he has painted. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131340104

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