Answer? Peter Lynchpin wants to sell you an investment contract that pays equal $12,800 amounts at the

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Peter Lynchpin wants to sell you an investment contract that pays equal $12,800 amounts at the end of each of the next 16 years.

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If you require an effective annual return of 9 percent on this investment, how much will you pay for the contract today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Posted Date: Jun 25, 2024 04:28 PM

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Answer? Peter Lynchpin wants to sell you an investment contract that pays equal $12,800 amounts at the

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