Assuming that this is the beginning of the year. Wealth Investment is trying to sell you a
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Question:
Assuming that this is the beginning of the year. Wealth Investment is trying to sell you a 10-year investment policy. The policy will pay you $30,000 at the end of each of the next 9 years. The final payment will be a payment of $100,000 at the end of year 10. If the required return is 8 percent per year, how much are you willing to pay for this investment policy?
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