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# CALCULATE THE FOLLOWING AMOUNTS USING FUTURE VALUE AND/OR PRESENT VALUE TABLES.Shelby Co.

CALCULATE THE FOLLOWING AMOUNTS USING FUTURE VALUE AND/OR PRESENT VALUE TABLES.

7.Shelby Co. bought out the contract of a member of top management for a payment of $90,000 per year for four years at 8% beginning January 1, 20XX. What is the cost (present value) of the buyout?