Consider an investment that will pay $$ 680$ per month for the next 15 years and will
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Consider an investment that will pay $\$ 680$ per month for the next 15 years and will be worth $\$ 28,000$ at the end of that time. How much is this investment worth to you today at a $5.25 \%$ discount rate?
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To determine the present value of the investment we need to discount the future cash flows to their ...View the full answer
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