On January 1, 2021 you acquired an investment that will pay three (3) equal payments...
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Accounting
| On January 1, 2021 you acquired an investment that will pay three (3) equal payments of $20,000 | |||||||
| cash to be received at the end of each of three consecutive years. However, the first payment | |||||||
| is not expected until December 31, 2023. In addition, the investment will also pay $10,000 at the | |||||||
| end of 2022. If the interest rate is 10%, what would you be willing to pay for this investment? |
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