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You are considering the purchase of an investment that would pay

Question # 00617901
Subject: Finance
Due on: 11/14/2017
Posted On: 11/14/2017 06:31 AM

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You are considering the purchase of an investment that would pay you $37 per year for Years 1-4, $68 per year for Years 5-7, and $40 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 your answer to the nearest $.01. Do not use the $ sign in your answer.

Tags investment purchase considering year years answer investment occur willing nearest sign flows rate require purchase percent considering return cash

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