Question: How would you solve for the following question using the BA II Plus Texas Insturment. Suppose that your are being asked to pay $5,000 for
How would you solve for the following question using the BA II Plus Texas Insturment.
Suppose that your are being asked to pay $5,000 for an investment that has the following projected income stream:
Year 1: $1,000
Year 2: -2,000
Year 3: 3,000
Year 4: 3,000
Should the investor with a required rate of return of 15% make this investment?
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