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samualson samualson
wrote...
Posts: 2459
6 years ago
An investment promises to pay you the following amounts at the end of each of the next 10 years: (1) $1,000, (2) $2,000, (3) $3,000, (4) $4,000, (5) - (10) $5,000 per year. If you want to earn a return of 8% per year, how much will you be willing to pay for the investment today?
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 37 times
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wrote...
6 years ago
 $24,951.99
 
samualson Author
wrote...
6 years ago
TY!
wrote...
6 years ago
You're welcome
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