Copy of you have the opportunity to purchase an investment, Financial Management

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Copy of you have the opportunity to purchase an investment

Copy of You have the opportunity to purchase an investment that will generate annual cash flows of $400 per year for the next 9 years and will pay an additional $2,046at the end of 9 years. If your required rate of return on this investment is 9%, how much is the investment worth? State you answer in dollars and cents.

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Financial Management: Copy of you have the opportunity to purchase an investment

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