Question: both What is the most that you would pay for an investment that promises to pay $18,665.00 a year forever with the first payment starting
What is the most that you would pay for an investment that promises to pay $18,665.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 5.95%. Question 18 A loan has a stated annual rate of 11.88%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? Please answer as a percentage (\%). What is the most that you would pay for an investment that promises to pay $18,665.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 5.95%. Question 18 A loan has a stated annual rate of 11.88%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? Please answer as a percentage (\%). What is the most that you would pay for an investment that promises to pay $18,665.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 5.95%
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