You are offered an investment that will pay you the following amounts

$$9,608$ today

$$2,950$ per year for the next $6$ years

$$3,347$ per year for the following $3$ years

$$7,686$ per year for the following $1$ year

$$11,649$ per year for the final $6$ years

Assuming you earn a $6\mathrm{.}3\%$ rate of return during the entire period, how much is this investment worth TODAY? Round answer to the nearest dollar. Please need this done correct and ASAP.  

Answer rating: 100% (QA)

To calculate the present value of the investment we need to discount each future cash flow back to i... View the full answer