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An investment will generate $9,000 a year for 20 years. If you can earn 8 percent on your funds and the investment costs $90,000, calculate
An investment will generate $9,000 a year for 20 years. If you can earn 8 percent on your funds and the investment costs $90,000, calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar. $ Should you buy it? Calculate the present value of investment, if you could earn only 5 percent. Use Appendix D to answer the question. Round your answer to the nearest dollar. $ Should you buy it in this case?
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