Probleman investment pays 2500 per year for the first 6, Ask an Expert

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Problem:

An investment pays $2,500 per year for the first 6 years, $3,000 per year for the next 8 years, and $5,000 per year the following 10 years (all payments are at the end of each year). If the discount rate is 7% compounding quarterly,

Required:

Question: What is the fair price of this investment?

Note: Show all workings.

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Category:- Basic Finance
Reference No.:- M91148465

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