Question
Question1 : (7 marks) Aninvestment company offers you a 5-year investment project which pays you a certain amount of money annually and a lump-sum $20,000
Question1: (7 marks)
Aninvestment company offers you a 5-year investment project which pays you a certain amount of money annually and a lump-sum $20,000 at the end of the project. The cost of the project is $30,000. If your required return is 4% per year, how much should be the annual payment you will receive from the project in order to attract your investment?
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
