Michael johnson has been given the opportunity of investing, Finance Basics

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Michael johnson has been given the opportunity of investing

Question: Michael Johnson has been given the opportunity of investing in a financial security that will pay him $600 in five years' time. Assuming similar risk investments earn an annual return of 8%, what value should Michael put on this investment opportunity today?

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Finance Basics: Michael johnson has been given the opportunity of investing

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Finance Basics: Michael johnson has been given the opportunity of investing

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