Short Answer
An investment promises to pay you the following amounts at the end of each of the next 10 years: (1)$1,000,(2)$2,000,(3)$3,000,(4)$4,000,(5)- (10)$5,000 per year.If you want to earn a return of 8% per year,how much will you be willing to pay for the investment today?
Correct Answer:
Verified
Correct Answer:
Verified
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