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QUESTION
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at...
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 12.10 percent, compounded annually. How much is this investment worth at the end of year four?
End of year
- $186
- $973
- $609
- $168
