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please see the attached Mitchell Investments has offered you the following investment opportunity: . $9,000 at the end of each year for the first 7
please see the attached
Mitchell Investments has offered you the following investment opportunity: . $9,000 at the end of each year for the first 7 years, plus . $7,000 at the end of each year from years 8 through 12, plus $3,000 at the end of each year from years 13 through 25. Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest dollar. a. How much would you be willing to pay for this investment if you required a 11 percent rate of return? $ b. If the payments were received at the beginning of each year, what would you be willing to pay for this investment? $ Step by Step Solution
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