Mr. Rembrandt will receive a commission of $5,000

Mr. Rembrandt will receive a commission of $5,000

Question # 00497121 Posted By: katetutor Updated on: 03/08/2017 01:41 AM Due on: 03/08/2017
Subject Finance Topic Finance Tutorials:
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Mr. Rembrandt will receive a commission of $5,000 every year for the next 20 years for a picture he painted. Someone offers him $75,000 right now for those proceeds. If the discount rate is 10% which should he choose?
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    Tutorial # 00493686 Posted By: katetutor Posted on: 03/08/2017 01:41 AM
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