An investment pays $20,000 every four years, starting in six years, for a total of three payments. If interest is 8 percent, how much is this investment worth today? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 8%. The investment is worth $ today. (Round to the nearest dollar as needed.)

An investment pays $20,000 every four years, starting in six years, for a total of three payments. If interest is 8 percent, how much is this investment worth today? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 8%. The investment is worth $ today. (Round to the nearest dollar as needed.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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