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Problem $7-07$

An investment will generate $$10,000$ a year for $30$ years. If you can earn $9$ percent on your funds and the investment costs $$110,000,$ calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar.

$

Should you buy it$?$

$-$Select$-$

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?