An investment promises to pay an annuity of 150 monthly, Financial Management

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An investment promises to pay an annuity of 150 monthly

An investment promises to pay an annuity of $150 monthly payments for seven years, but the payments do not start now. The first payment will be received 3 years from today. What is the maximum you will be willing to pay for this investment if your required return is 12%?

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Financial Management: An investment promises to pay an annuity of 150 monthly

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Financial Management: An investment promises to pay an annuity of 150 monthly

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