Allon investments corp has a new investment product


Allon Investments Corp has a new investment product (financial asset). If an investor invests $70,000 now, the investor will receive $3,000 in one year, and each year after that, the amount the investor will receive grows by 3%. The payments will continue forever. If you feel that the appropriate interest rate is 7%, is this a good investment? Why? Please show all the formulas and calculations

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Allon investments corp has a new investment product
Reference No:- TGS01368880

Expected delivery within 24 Hours