What is the pw of the royalties, Microeconomics

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What is the pw of the royalties

Problem

Micro Tech expects to receive royalties of $750K per year on a patent. The royalties begin at the end of year 4 and continue through year 11. If the interest rate is 8%, what is the PW of the royalties?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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