Price of the investment
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?
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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?
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