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Consider an investment that pays $4,000 at the end of year 1, $5,000 at the end of year 2, $10,000 at the end of year
Consider an investment that pays $4,000 at the end of year 1, $5,000 at the end of year 2, $10,000 at the end of year 3. In year 4, the investment will pay $6,000 and this payment will grow by 1.4% each year forever. If the appropriate discount rate is 9%, what is this investment worth today?
$71,528.27
$72,958.83
$76,561.81
$19,850.51
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