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Example 1 : An investor can make 3 annual, end of year payment of $ 1 5 , 0 0 0 , which will generate

Example 1:
An investor can make 3 annual, end of year payment of $15,000, which will generate receipts of $10,000 at the end of each of the following 5 years. If the investor can earn rate of return of 10% on alternative 8-year investment, is this alternative attractive?
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