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Jacklyn Linetsky recently purchased a 10-year investment which pays $100 at t = 1, $200 at t = 2, $500 at t = 3, and
Jacklyn Linetsky recently purchased a 10-year investment which pays $100 at t = 1, $200 at t = 2, $500 at t = 3, and some fixed cash flow, X, at the end of each of the remaining 7 years. The investment cost her $6000. Alternative investments of equal risk have a required return of 8 percent. What is the annual cash flow received by Jacklyn at the end of each of the final 7 years, that is, what is X?
need help. thanks
goal seeking/ what if analysis
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