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eBook Problem 7-07 An investment will generate $8,000 a year for 30 years. If you can earn 12 percent on your funds and the investment

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eBook Problem 7-07 An investment will generate $8,000 a year for 30 years. If you can earn 12 percent on your funds and the investment costs $90,000, calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar. Should you buy it? No Calculate the present value of investment, if you could earn only 8 percent. Use Appendix D to answer the question. Round your answer to the nearest dollar. Should you buy it in this case? Yes eBook Problem 7-07 An investment will generate $8,000 a year for 30 years. If you can earn 12 percent on your funds and the investment costs $90,000, calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar. Should you buy it? No Calculate the present value of investment, if you could earn only 8 percent. Use Appendix D to answer the question. Round your answer to the nearest dollar. Should you buy it in this case? Yes

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