Question
1. You can invest today in a financial instrument that will pay you $50 every year starting at the end of this year for the
1. You can invest today in a financial instrument that will pay you $50 every year starting at the end of this year for the next five years and $2,500 at the end of the five years. If you require a 10% return, how much should you be willing to pay for this instrument?
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
