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Sarah is thinking about purchasing an investment from Hibond Investing, If she buys the investment, Sarah will receive $100 every three months for five years.
Sarah is thinking about purchasing an investment from Hibond Investing, If she buys the investment, Sarah will receive $100 every three months for five years. The first $100. payment will be made as soon as she purchases the investment. If Sarah's required rate of return is 16 percent , to the nearest dollar, how much should she be willing to pay for this investment? show all work and solveusing at BAII calculator (show N IY PV PMT FV CPT)?
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