Question
An investment will pay you $11,500 in 10 years, and it will also pay you $330 at the end of each of the next 10
An investment will pay you $11,500 in 10 years, and it will also pay you $330 at the end of each of the next 10 years (years 1 thru 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
