You have an opportunity to purchase for 1000 the follwing


You have an opportunity to purchase for $1,000 the follwing cashstream flow: $60 every year for 10 years and $1,000 at the end of the 10 year period. What is the most you would pay for this cash flow stream if your required return was 8%. Would this be a good investment?

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Finance Basics: You have an opportunity to purchase for 1000 the follwing
Reference No:- TGS0610120

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