You will invest $7,500 at the end of each of the next 6 years, and $15,000 in years 7 though 12 in a project. You will invest in it $25,000 today. If other investments of equal risk earn 9% annually, what is its future value?
Added by -Scar B.
Step 1
FV = 7,500 x [(1 + 0.09)^6 - 1] / 0.09 FV = $56,947.68 Show more…
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