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An investor has an opportunity to purchase an investment that will provide $11,000 at the end of three years, and $50,000 at the end of five years.

If the property is expected to be sold at the end of the sixth year for $100,000 and the investor requires a 12% rate of return, what amount should he or she pay for the investment today?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92794294

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