You are offered an investment that will make three payments. The first payment of $5600 will...

You are offered an investment that will make three payments. The first payment of $5600 will occur four years from today. The second of $6700 will occur in five years, and the third of $7800 will follow in seven years. If you earn 11.1% what is the most this investment is worth today?

Expert Solution

jeff jeffy answered 2 years ago

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