Question
An investment requires $7000 immediately and $1000 for each of the next three years. In year 4 it pays the investor $2000 and it promises
An investment requires $7000 immediately and $1000 for each of the next three years. In year 4 it pays the investor $2000 and it promises a return of 21% per year. What will the value be in 10 years?
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
