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18. An investment opportunity promises to provide a cash flow (payment) of $4,500 a year for the next 8 years. The cost of the investment
18. An investment opportunity promises to provide a cash flow (payment) of $4,500 a year for the next 8 years. The cost of the investment is $25,000. Use the interest rate of 9% and determine whether this is a good investment. 19. You are investing money at 5% annual nominal interest rate. Would you prefer the rate to be compounded more frequently or less frequently? Why
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