Essay
David is interested in an investment that would supply him with $200 at the end of year 1,$300 at the end of year 2,$400 at the end of year 3,$500 at the end of year 4,and $1,600 at the end of year 5.How much should David pay for this investment if he wants to earn 10 percent on his investment? How does you answer change if he wants to earn 5%?
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David should pay $2,065.26 is ...View Answer
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Correct Answer:
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