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In January 2008,Professor Noe Entered into a Contract with State

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In January 2008,Professor Noe entered into a contract with State University.She agreed to teach full time during the 2008-2009 academic year.Professor Noe died on May 31,2008.Her estate:


Definitions:

Present Value

The value today of a future money sum or sequence of cash flows, based on a specific interest rate.

Interest Rate

The cost of borrowing money or the return on savings, usually expressed as a percentage.

Interest Rate

The percent of principal charged by the lender for the use of its money or the rate earned on deposited funds.

Revenues

Revenues are the total amount of money generated by a company from its business activities, such as the sale of goods or services, before any costs or expenses are deducted.

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