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What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of five years if the opportunity cost of using funds is 8 percent Instructions

What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of five years, if the opportunity cost of using funds is 8 percent? Instructions: Do not round intermediate calculations. Round only your final calculation to the nearest penny (two decimal places). Use a negative sign (-) where appropriate. $ _____________

Apr 14 2020 View more View Less

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