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Mitchell Investments has offered you the following investment opportunity: $6,000 at the end of each year for the first 5 years, plus $3,000 at the
Mitchell Investments has offered you the following investment opportunity: $6,000 at the end of each year for the first 5 years, plus $3,000 at the end of each year from years 6 through 10, plus $2,000 at the end of each year from years 11 through 20. How much would you be willing to pay for this investment if you required a 12 percent rate of return
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