question 35

An investment promises to pay you a return of 10% over the 5 year life of the investment. You invested $30,000 today. The investment will pay you $10,000 in year 2, $5,000 in year 3. You must receive $___ in year 5 to assure a 10% return. You receive payments only in year 2, 3, and 5. 1) 26.487.19 2) 25,325.30 3) 28.955.30 4) 27,315.43 5) 23,985.64 hy