Solution-First payment will be one year after

First payment will be one year after

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Reference no: EM132390661

For this question, and the previous two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big brokerage firm, has offered to sell you an investment that will pay you $2,000 each year. The first payment will be one year after you buy the investment.

If you are looking for a 7% return, and the investment will pay the $2,000 to you now, and to your heirs (children, grandchildren, any one else) forever; How Much should you be willing to pay for this investment today?

NOTE: Please enter your answer as a number or decimal. For example, enter one thousand dollars as 1000 or 1000.00, but not as "$1,000.00". Do Not use commas, or "$"

Reference no: EM132390661

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First payment will be one year after

Reference no: EM132390661

Reference no: EM132390661

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