Question
If you could buy an investment now and four years later sell it for $27,000, what would you be willing to buy it for,
If you could buy an investment now and four years later sell it for $27,000, what would you be willing to buy it for, assuming a 5% discount rate and no other cash flows?
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You would be willing to pay 2221297 for the investment This is the ...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
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