Determine pay for the investment, Finance Basics

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Determine pay for the investment

Dustin is considering an investment that will pay $3200 a year for 8 years, starting 1 year from today (which is normal). How much should Dustin pay for this investment today if he wishes to earn a 6 percent annual rate of return?

$18,859.14
$19,871.34
$11,987.92
$20,783.99
$17,820.73

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Finance Basics: Determine pay for the investment

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Finance Basics: Determine pay for the investment

Reference No:- TGS028285

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determine pay for the investment

Reference No:- TGS028285

Recent Questions Asked Finance Basics

Q : What would the arbitrage profit be

Q : Motivation-important part of any job

Q : Why is it important that an audit of a company''s operations

Q : Explain how this chromosome translocation could generate

Q : Determine pay for the investment

Q : How job characteristic affect employee satisfaction

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