Suppose an investment will pay 1000 ten years from now if
Suppose an investment will pay $1,000 ten years from now. If you can earn 6% annual rate by depositing your money in a bank, how much should you pay for the investment today? SHOW YOUR WORK AND EXPLAIN YOUR ANSWER.
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suppose an investment will pay 1000 ten years from now if you can earn 6 annual rate by depositing your money in a bank
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