Invest $1,000 with us each year for 10 years, then after that we give you $1,000 each

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Invest $1,000 with us each year for 10 years, then after that we give you $1,000 each year for life.

1) What is the return on this investment?

2) Does age matter.Explain?(This has to do with the concept of Time value of money.)

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Mar 30, 2023 02:11 AM

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Invest $1,000 with us each year for 10 years, then after that we give you $1,000 each

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Total amount invested 1000 x 10 years 10000 If we assume that the annual payments after the 10year i... View the full answer

Intermediate Financial Management

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