An investment promises to pay you the following amounts at the end of each of the next 10 years: (1 ) $1,000, (2 )
$2,000, (3 ) $3,000, (4 ) $4,000, (5 ) - (10 ) $5,000 per year.
If you want to earn a return of 8% per year, how much
will you be willing to pay for the investment today?
$24,951.99
Business
You might also like to view...
Congress took an integrated approach to matter of whistle-blowing by prohibiting retaliation against whistleblowers and encouraging the act of whistle-blowing under which act?
A. The Sarbanes-Oxley Act B. The Whistleblower Protection Act of 1989 C. False Claims Act of 1963 D. Federal sentencing Guidelines Act
Business
On January 2, Well Corporation sold merchandise with a gross price of $140,000 to Priority Corporation with terms of 2/10, n/30. How much sales discounts would be recorded if payment was received on January 8?
A) $ 2,800 B) $ 0 C) $ 137,200 D) $ 140.000
Business