Investment Assignment | Homework For You
June 3rd, 2020
Question 46 An investment promises to pay you $120 per year starting in 5 years. The cash flow from the investment is expected to increase by 3 percent per year forever. If alternative investments of similar risk earn a return of 7 percent per year.
Determine the maximum you would be willing to pay for the investment. (Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.) Maximum amount you would be willing to pay s. Get Finance homework help today