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Business, 06.10.2019 02:30 salgado100400

You have successfully started and operated a company for the past 10 years. you have decided that it is time to sell your company and spend time on the beaches of hawaii. a potential buyer is interested in your company, but he does not have the necessary capital to pay you a lump sum. instead, he has offered $800,000 today and annuity payments for the balance. the first payment will be for $190,000 in three months. the payments will increase at 2.4 percent per quarter and a total of 20 quarterly payments will be made. if you require an ear of 11 percent, how much are you being offered for your company?

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