An investment pays $25,458.00 at the end of 9 years
Question # 00103883
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Updated on: 09/17/2015 01:44 PM Due on: 10/17/2015
An investment pays $25,458.00 at the end of 9 years. If your return is expected at 14% compounded annually what is the most that you would be willing to pay for the investment. Show all work.
http://www.principlesofaccounting.com/ART/fv.pv.tables/pvofordinaryannuity.htm
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Solution: An investment pays $25,458.00 at the end of 9 years