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5. An investment costs $1,720 and pays $128 every year in perpetuity. If the required rate of return is 8%, is this a good investment

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5. An investment costs $1,720 and pays $128 every year in perpetuity. If the required rate of return is 8%, is this a good investment to buy? 6. Assume an investment has a stated annual interest rate of 15%. What would be the effective annual interest rate if the nominal rate is: a. Compounded Quarterly b. Compounded Daily

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