You are offered an investment that will pay you $3000 per year for the next 10 years.

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You are offered an investment that will pay you $3000 per year for the next 10 years. Assuming a 6% discount rate.

The most you would pay for this cash flow stream today would be?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 22, 2023 02:59 AM

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You are offered an investment that will pay you $3000 per year for the next 10 years.

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Expert Answer:

We can use the formula for the present value of an ... View the full answer

Personal Finance

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