A student is considering an investment opportunity.The opportunity will pay $14,000 to the graduate in exactly 15

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A student is considering an investment opportunity.The opportunity will pay $14,000 to the graduate in exactly 15 years.The graduate will then receive a 4% larger payment each year.Counting the first $14,000 payment, the graduate will receive 20 total payments.If the graduate has a 6% required return on the investment, how much can the graduate pay today for the opportunity?

Posted Date: May 18, 2024 07:13 PM

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A student is considering an investment opportunity.The opportunity will pay $14,000 to the graduate in exactly 15

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