What is the current value of the investment
Question:
An investment generates $10,000 per year for 25 years. If an investor can earn 10 percent on other investments, what is the current value of this investment? If its current price is $120,000, should the investor buy it?
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An investment generates $10,000 per year for 25 years. If an investor can earn 10 percent on other investments, what is the current value of this investment?
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