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An investment costs $800 up front and $500 five years from now. It yields returns of $300 every other year (in years 2, 4, 6,
An investment costs $800 up front and $500 five years from now. It yields returns of $300 every other year (in years 2, 4, 6, etc) for the next 15 years. In addition, in year 15, it will pay off an additional amount of $600. If the discount rate is 6%, is this a worthwhile investment?
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