Quentin is considering purchasing an investment. He expects that the investment will pay him $2,600 at...
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Quentin is considering purchasing an investment. He expects that the investment will pay him $2,600 at the end of every year for 9 years. In addition, he expects to receive $34,752 at the end of the 9 years. Assuming Quentin earns 8% on his other investments, what is the maximum amount that he should be willing to pay for the investment? Enter your answer as a positive number (round to the nearest dollar if necessary). Assume that the seller offers Quentin the investment for $27,800. If Quentin purchases the investment at this price, what will be his rate of return on the investment? Round your percentage to decimal points, as follows: X.XX%. % Quentin is considering purchasing an investment. He expects that the investment will pay him $2,600 at the end of every year for 9 years. In addition, he expects to receive $34,752 at the end of the 9 years. Assuming Quentin earns 8% on his other investments, what is the maximum amount that he should be willing to pay for the investment? Enter your answer as a positive number (round to the nearest dollar if necessary). Assume that the seller offers Quentin the investment for $27,800. If Quentin purchases the investment at this price, what will be his rate of return on the investment? Round your percentage to decimal points, as follows: X.XX%. %
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