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You are looking at a rental that pays you $20,000 the first year, $20,400 in year 2,$20,808 in year 3 , and $21,224 in year
You are looking at a rental that pays you $20,000 the first year, $20,400 in year 2,$20,808 in year 3 , and $21,224 in year 4 . If you need to make a 4% rate of return, how much would you pay for this investment? Instructions: - answer as a positive number, in \$, to 2 decimal places. E.g. \$5098.87 - do not copy the number directly from Excel, write it in using the keyboard - do not add spaces before or after the number, as it will be marked as incorrect
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