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How do you do this question with a TI An investment promises to pay $1,000 for the next three years, an unknown amount in the
How do you do this question with a TI
An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,600 in the fifth year. What should the value of the fourth year payment be if the investment is required to yield 10% and is selling for $8,000 ? Answer: 0(6,619) Step by Step Solution
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