An investment company is considering one of two possible business ventures. Project 1 gives a return of
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An investment company is considering one of two possible business ventures. Project 1 gives a return of $250 000 in four years’ time, whereas Project 2 gives a return of $350 000 in eight years’ time. Which project should the company invest in when the interest rate is 7% compounded annually?
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Project 1 PV 250 ...View the full answer
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