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An investment promises to return $8,000 at the end of each of the next eight years...

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Finance

An investment promises to return $8,000 at the end of each ofthe next eight years and then $3,000 at the end of each of theremaining seven years (years 9 through 15). What is the value ofthis investment today at a 9 percent interest rate?

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The Value of Investment today The Value of Investment today is the present value of future cash inflows discounted at 9 interest rate Year Annual Cash    See Answer
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An investment promises to return $8,000 at the end of each ofthe next eight years and then $3,000 at the end of each of theremaining seven years (years 9 through 15). What is the value ofthis investment today at a 9 percent interest rate?

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