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12 September, 20:46

You have been offered an investment which will pay a return of $850 each year for the next 20 years. The first payment will be received one year from today. Approximately how much should you be willing to pay for the investment if you require a 10% rate on your money?

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  1. 12 September, 21:06
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    I think your answer is 85

    Step-by-step explanation:

    because the question is asking if you require to pay 10 percent of 850 you will have to pay 85 dollors thus your answer is 85
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