Question: An investment promises to pay $ 6 , 0 0 0 at the end of each year for the next six

An investment promises to pay \\\\$6,000 at the end of each year for the next six years and $2,000 at the end of each year for years 7 through 10. Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest cent.
If you require a 8 percent rate of return on an investment of this sort, what is the maximum amount you would pay for this investment?
$
10405.27
Assuming that the payments are received at the beginning of each year, what is the maximum amount you would pay for this investment, given a 8 percent required rate of return?

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