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Mitchell Investments has offered you the following investment opportunity: $7,000 at the end...

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Accounting

Mitchell Investments has offered you the following investment opportunity:
$7,000 at the end of each year for the first 3 years, plus
$3,000 at the end of each year from years 4 through 9, plus
$2,000 at the end of each year from years 10 through 17.
Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest dollar.
How much would you be willing to pay for this investment if you required a 9 percent rate of return?
$
If the payments were received at the beginning of each year, what would you be willing to pay for this investment?
$

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