Question: How would you solve the following question using a the BA II Plus Texas Instrument Suppose that you are interested in an investment that offers
How would you solve the following question using a the BA II Plus Texas Instrument
Suppose that you are interested in an investment that offers to pay you $750 at the end of year 1, $1,000 at the end of years 2 and 3, and $1,500 at the end of year 4. What is the maximum price that you pay for this investment and still achieve required rate of return of 6% per year?
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