A possible investment pays $20,000 in 2 years, $40,000 in 5 years and a further $80,000 in 8 years. The interest rate over the period of the...

1.    A possible investment pays $20,000 in 2 years, $40,000 in 5 years and a further $80,000 in 8 years. The interest rate over the period of the investment is a nominal 6% p.a., compounded

monthly. If your client can buy the investment today for $60,000 would you recommend that this is a good investment? Why or why not?