An investment costs $20,000 today. It has a single payment at year 2 of $1000....
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An investment costs $20,000 today. It has a single payment at year 2 of $1000. In year 5 it begins paying $1500 per year for 3 years (years 5, 6, 7) and then in year 8 pays $200 per year with no fixed ending date. The discount rate is 5% annually. What is the Net Present Value of the investment?
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