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QUESTION
You are considering the purchase of an investment that would pay you $68 per year for years 1-4, $65 per year for years 5-7, and $64 per year for...
You are considering the purchase of an investment that would pay you $68 per year for years 1-4, $65 per year for years 5-7, and $64 per year for years 8-10. If you require a 14 percent rate of return, and the cash flows occur at the end of each year, then how much should you be willing to pay for this investment? Show answer to the nearest $.01.
You are considering the purchase of an investment that would pay you $68 per year for years 1-4, $65 per year for years 5-7, and $64 peryear for years 8-10. If you require a 14 percent rate of...