Business, 13.02.2020 18:17, makayladurham19

The value of an investment comes from its cash flows. Let's say you are intent on receiving $45,000 per year, starting at the end of year one and continuing over 10 years. A lump sum of $380,000 invested now (year 0) will allow you to receive your desired annual amount. What interest rate is required to make this happen?

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The value of an investment comes from its cash flows. Let's say you are intent on receiving $45,000...