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Please show work through excel Answer only bonus question 2. How much would you be willing to pay for an investment that will pay you

Please show work through excel

Answer only bonus question

2. How much would you be willing to pay for an investment that will pay you and your heirs $16,000 each year in perpetuity if the first payment is to be received in 9 years? Assuming your opportunity cost is 6%?

Bonus: Rework problem (2) if you want the payments to grow by 2% indefinitely. (First payment is $16,000 in year 9)

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