Question: What is the maximum amount that you would pay for a financial asset that generates an income of $250,000 at the end of each year

What is the maximum amount that you would pay for a financial asset that

generates an income of $250,000 at the end of each year for a period of 10 years, if the market

interest rate is 4 percent? Please show all your calculations, including writing out the formula

used, even if you use a calculator to get the final answer.

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