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Goldman Investments has offered you the following investment opportunity: $21,000 at the end of each year for the first 5 years. $7,800 at the end
Goldman Investments has offered you the following investment opportunity:
$21,000 at the end of each year for the first 5 years.
$7,800 at the end of each year from year 6 through 10.
How much would you be willing to pay for this investment if you require a 18% rate of return?
a) 61,594.57
b) 90,072.39
c) 78,029.95
d) 69,517.62
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