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How much money should you be willing to pay now for a guaranteed $600 return per year for 9 years, at an interest rate of
How much money should you be willing to pay now for a guaranteed $600 return per year for 9 years, at an interest rate of 15 % per year? (assume the interest rate is not changing). 1. Draw the CFD correctly and make sure everything is fully labeled like you learned in this class 2. Calculate the amount you are willing to pay (use the equation) and explain your thought process, do not assume the reader knows the subject or already an expert 3. Calculate the amount you are willing to pay (use and explain table) and explain your thought process,o not assume the reader knows the subject or already an expert 4. Write and read the functional notation correctly
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