For this question, and the previous two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big
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Question:
For this question, and the previous two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big brokerage firm, has offered to sell you an investment that will pay you $2,000 each year. The first payment will beone year afteryou buy the investment.
- If you are looking for a 7% return, and the investment will pay the $2,000 toyou now, and to your heirs (children, grandchildren, any one else)forever;How Muchshould you be willing to pay for this investment today?
NOTE:Please enter your answer as anumberordecimal.For example, enterone thousand dollarsas1000or1000.00, butnot as"$1,000.00".Do Notuse commas, or "$"
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