Homework Answers
Annual return = $27,000
Timer period ( n) = 14 years
Interest rate ( i) = 10%
Present value of annual returns = Annual return x Present value annuity factor (i%, n)
= 27,000 x Present value annuity factor (10%,14)
= 27,000 x 7.36669
= $198,900.63
Robben Company should pay $198,900.63
Kindly comment if you need further assistance. Thanks‼!
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