Question: Please include excel spread sheet or formulas so I can re-plug them into Excel. Must show work thank you You are offered an investment with
You are offered an investment with the following conditions: . The cost of the investment is 1,000 . The investment pays out a sum X at the end of the first year; this payout grows at the rate of 10% per year for 11 years. If your discount rate is 15%, calculate the smallest X which would entice you to purchase the asset
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