Question
An investment offers $8,900 per year for 14 years, with the first payment occurring 1 year from now. Assume the required return is 9 percent.
| An investment offers $8,900 per year for 14 years, with the first payment occurring 1 year from now. Assume the required return is 9 percent. |
| Requirement 1: |
| What is the value of the investment today? |
| Requirement 2: |
| What would the value be if the payments occurred for 39 years? |
| Requirement 3: | ||
| What would the value be if the payments occurred for 74 years?
|
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
