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One of your clients has asked your advice on the best way to accept payment on a sale. The client has been offered $220,000 immediately or $37,000 per year for ten years with the first payment due immediately. The appropriate interest rate is 10%. Present value factors for the present value of an ordinary annuity of $1 per period are shown below.

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Accounting Basics, Accounting

Category:- Accounting Basics
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