The most you should offer to pay for piece of art today

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Reference no: EM131937350

You have been offered an interesting investment option, a friend of yours owns a piece of jewelry that he inherited. it is expected to grow in value to $857,000 in 7 years. he is offering to sell it to you today. assuming that the discount rate is 6%, what is the most you should offer to pay for the piece of art today?

Reference no: EM131937350

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