SAT, 12.08.2020 05:01 soccerjessie40901

You are offered an investment that promises $ 1000 in the first year, $2000 in the second year, $3000 inthethird year and $500 in the fourth year. If an investment opportunity of similar risk generates a return of 10% p. A. Compounded monthly, what is the maximum amount that you would pay for this investment?

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