How much should be the annual payment you will receive

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Question - An investment company offers you a 5-year investment project which pays you a certain amount of money annually and a lump-sum $20,000 at the end of the project. The cost of the project is $30,000. If your required return is 4% per year, how much should be the annual payment you will receive from the project in order to attract your investment?

Reference no: EM133148725

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