Question

On January 1, 2021 you acquired an investment that will pay three (3) equal payments of...

On January 1, 2021 you acquired an investment that will pay three (3) equal payments of $20,000
cash to be received at the end of each of three consecutive years. However, the first payment
is not expected until December 31, 2023. In addition, the investment will also pay $10,000 at the
end of 2022. If the interest rate is 10%, what would you be willing to pay for this investment?

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