Question
Joe is offering you the following payments: Year 1 = $1,000; Year 2 = $3,000; Year 4 = $5,000; and Year 6 = $10,000. If
Joe is offering you the following payments: Year 1 = $1,000; Year 2 = $3,000; Year 4 = $5,000; and Year 6 = $10,000. If you think you should earn 10% on similar risk investments, what is the maximum amount you would pay to receive the payments?
| $12,448,24 | ||
| $11,987.25 | ||
| $14,739.01 | ||
| $13,474.80 |
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
