I have been struggling with this type of problem and would love help thanks. We...
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I have been struggling with this type of problem and would love help thanks. We have been using PV, FV, and PMT calculations in excel and I can't figure out the calculations.
Use the following information about Judah to answer both questions below. Judah is considering purchasing an investment. He expects that the investment will pay him $2,600 at the end of every year for 8 years. In addition, he expects to receive $31,111 at the end of the 8 years. Assuming Judah earns 8% on his other investments, what is the maximum amount that he should be willing to pay for investment? Enter your answer as a positive number (round to the nearest dollar if necessary). Assume that the seller offers Judah the investment for $25,000. If Judah purchases the investment at this price, what will be his rate of return on the investment? Round your percentage to decimal points, as follows: X.XX%. %
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