Salvatore has the opportunity to invest in a scheme which will pay $ 7,500 at...
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Salvatore has the opportunity to invest in a scheme which will pay $ 7,500 at the end of each of the next 5 years. He must invest $ 15,000 at the start of the first year and an additional $ 15,000 at the end of the first year. What is the present value of this investment if the interest rate is 7%?
Salvatore has the opportunity to invest in a scheme which will pay $ 7,500 at the end of each of the next 5 years. He must invest $ 15,000 at the start of the first year and an additional $ 15,000 at the end of the first year. What is the present value of this investment if the interest rate is 7%?
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