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You are valuing an investment that will pay you $24,000 per year for the first 6 years, $28,000 per year for the next 10 years,
You are valuing an investment that will pay you $24,000 per year for the first 6 years, $28,000 per year for the next 10 years, and $54,000 per year the following 14 years (all payments are at the end of each year). If the appropriate annual discount rate is 6.00%.
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List the steps for using a financial calculator to answer this problem. To find the value of the investment to you today.
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