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You are considering investment that is going to pay $1,500 a month starting 20 years from...

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Finance

You are considering investment that is going to pay $1,500 amonth starting 20 years from today for 15 years. If you can earn 8percent return on any investment, compounded monthly, how much atmost are you willing to pay for this investment opportunity? Roundto the nearest cent. Do not include any unit (If your answer is$111.11, then type 111.11 without $ sign.)

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You are considering investment that is going to pay $1,500 amonth starting 20 years from today for 15 years. If you can earn 8percent return on any investment, compounded monthly, how much atmost are you willing to pay for this investment opportunity? Roundto the nearest cent. Do not include any unit (If your answer is$111.11, then type 111.11 without $ sign.)

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