An investment will pay you $500 at the end of each of the next 2 years, $400 at the end of year 3, $300 at the end of year 4, and $150 at the end of year 5. If other investments of equal risk earn 5.5% annually, what should you be willing to pay for this investment today? . what is the future value of the investment?

Answer rating: 100% (QA)

To determine the present value of the investment we need to calculate the ... View the full answer