For this question, and the next two (three in all), Frozenentyme, Fierce, Penner Smythe, the big brokerage firm, has offered to sell you an investment that will pay you $2,000 each year for the next 25 years The first payment will be one year after you buy the investment If you have to get a 7 return, How Much should you be willing to pay for this investment today Note, enter your answer as a decimal value, but without any commas nor dollar signs That is, for two thousand dollars you would enter 2000 or 2000 00, but not $2000 nor 2,000

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Question: For this question, and the next two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big brokerage firm, has offered to sell you an

For this question, and the next two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big brokerage firm, has offered to sell you an investment that will pay you $2,000 each year for the next 25 years. The first payment will beone year afteryou buy the investment.

If you have to get a 7% return,How Muchshould you be willing to pay for this investment today?

Note, enter your answer as a decimal value, but without any commas nor dollar signs.That is, for two thousand dollars you would enter: 2000 or 2000.00,but not$2000nor2,000.

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