Question
Jessica, a physiotherapist in Dallas just turned 30 years old this morning, and Wealth Miles, a financial planning firm, is deciding whether to purchase an
Jessica, a physiotherapist in Dallas just turned 30 years old this morning, and Wealth Miles, a financial planning firm, is deciding whether to purchase an investment into a new tech start-up. The investment for the tech start-up requires you to make the following payments
When she is 31 - $15,000
When she is 32 - $16,000
When she is 33 - $17,000
When she is 34 - $18,000
When she is 35 - $19.000
When she is 36 - $20,000
No further payments are required after you are 36. When you reach 75 years old, the investment will pay you $300,000. If the interest rate is 5% per year from now till she is 37 and will go down to 4% per year, is this a good investment to purchase for Jessica?
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