Find price of investment if it has a life of five years


An investment is expected to pay a return of $100 per year. The interest rate for the investment is 6%. What will the price of the investment be if it has a life of 5 years? 10 years? 20 years?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find price of investment if it has a life of five years
Reference No:- TGS0556830

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)