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You are considering the purchase of an investment that would pay you $5000 per year for years 1-5, 3000 per year for years 6-8, and
You are considering the purchase of an investment that would pay you $5000 per year for years 1-5, 3000 per year for years 6-8, and 2000 per year for years 9 and 10. if you require a 14.7% rate of return, and the cash flows occur at the end of each year, then how much would you be willing to pay for this investment? Answer to 0 decimal places.
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