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15-Danny owns two investments, A and B, that have a combined total value of $25,000. Investment A is expected to pay $25,000 in 4
15-Danny owns two investments, A and B, that have a combined total value of $25,000. Investment A is expected to pay $25,000 in 4 years from today and has an expected return of 12 percent per year. Investment B is expected to pay X in 7 years from today and has an expected return of 8 percent per year. What is X, the cash flow expected from investment B in 7 years from today?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
