You have been offered an investment that will pay you a lump sum of ($30,000) 25 years
Question:
You have been offered an investment that will pay you a lump sum of \($30,000\) 25 years from today, along with a payment of \($1,000\) per year for 25 years starting one year from today. How much are you willing to invest yon today to have this investment in your portfolio assuming you wish to earn a rate of 6 percent compounded annually?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
Question Posted: