question archive Your investment advisor recommends you the following investment
Subject:AccountingPrice:2.84 Bought6
Your investment advisor recommends you the following investment. The investment will pay you every year over the next 18 years. The first payment is $1147 at the end of the year. The appropriate discount rate is 15%. The payments will grow by 8% every year thereafter. How much will you be willing to pay for this investment today?
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