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An investment is expected to generate 15 annual cash flows of $2220 per year, starting in exactly four years. There is an additional cash flow
An investment is expected to generate 15 annual cash flows of $2220 per year, starting in exactly four years. There is an additional cash flow of $3015 expected in exactly 8 years. If the appropriate annual interest rate is 8%, compounded annually, what would you expect someone to pay for this investment today? [Keep at least 4 decimal places for all intermediate steps. Express your final answer with 2 decimal places (ie. 55555.55 and NO COMMAS)
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