Linda is being offered an investment that will grow to 80,000 in 10 years at an interest
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Question:
Linda is being offered an investment that will grow to 80,000 in 10 years at an interest rate of 12%p.a to be paid quarterly. She will be required to invest $25,000.
(i) How much is the investment worth today?
(ii) should the investment be accepted? (Justify)
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