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Suppose you are planning the purchase of an invest that would pay you $5,000 per year for years 1-5, $3,000 every year for years 6 to 8, and $2,000 each year for years 9 and 10. If you require a 14 percent rate of return, and the cash flows occur at the end of each year, then how much should you be willing to pay for this investment?

a. $15,819.27
b. $21,937.26
c. $32,415.85
d. $38,000.00
e. $52,815.71

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9291791

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