If you required a return of 10 per year compounded, Financial Management

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If you required a return of 10 per year compounded

You are considereding an investment that promises to make 10 payments of $5000. The payments will be made every two years. The only twist is that the first payment will be received in one year. If you required a return of 10% per year compounded semi-annually, how much would you be willing to pay for this investment?

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Financial Management: If you required a return of 10 per year compounded

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