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Homework answers / question archive / You are considering an investment that promises to pay $1,000 per year for the next 10 years

You are considering an investment that promises to pay $1,000 per year for the next 10 years

Finance

You are considering an investment that promises to pay $1,000 per year for the next 10 years. The interest rate associated with investments having similar risk is 6.0%. 

How much would you be willing to pay for this investment?

Option 1

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2.96 USD

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Option 2

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