A new start-up company promises to pay an investor each


A new start-up company promises to pay an investor each quarter for the next two years. The company will pay $22,575.00 per quarter for the first four quarters, and then $26,925.00 per quarter for the following four quarters. If the investor wants a 8.92% APR return with quarterly compounding, what is the value of the investment opportunity today?

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Financial Management: A new start-up company promises to pay an investor each
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