An investment will pay 600 at theend of each of the next 4


An investment will pay %600 at theend of each of the next 4 years, $500 at the end of Year 5, and $600 at the end of Year 6.

What is its present value if other investments of equal risk earn 8 percent annually?

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Financial Management: An investment will pay 600 at theend of each of the next 4
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