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Problem 7-07 An investment will generate $12,000 a year for 30 years. If you can earn 12 percent on your funds and the investment costs
Problem 7-07 An investment will generate $12,000 a year for 30 years. If you can earn 12 percent on your funds and the investment costs $110,000, calculate the present value of investment. Use Appendix D to answer the question. Round your answer to the nearest dollar $ -13337 Should you buy it? No Calculate the present value of investment, If you could eam only 10 percent. Use Appendix D to answer the question, Round your answer to the nearest dollar $ 25093 Should you buy it in this case? Yes Hide Feedback Partially Correct
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