How much should you be willing to pay for this investment

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For this question, and the next 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 for the next 25 years. The first payment will be one year after you buy the investment.

  • If you have to get a 7% return, How Much should you be willing to pay for this investment today?

Note, enter your answer as a decimal value, but without any commas nor dollar signs. That is, for two thousand dollars you would enter: 2000 or 2000.00, but not $2000 nor 2,000.

Reference no: EM132390687

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