How much is the investment vehicle worth

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Question: Your broker has offered you an investment vehicle which will pay you (or your descendants) $36,000 per year forever with the first payment coming one year from today. If the interest rate is 4%, how much is the investment vehicle worth to you today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131948751

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