Your investment advisor recommends you the following investment. The investment will pay you every year for the next 11 years. The first payment ie $1041 at the end of this year. The appropriate discount rate is 18% the payments will grow by 4% every year after. 

How much would you be willing to pay for the investment today?

Answer rating: 100% (QA)

To calculate the present value of the investment we can use the formula for the present valu... View the full answer