If you were offered the chance of an investment in a mango orchard in North Queensland and you were promised a return of $12 000 at the end of each year for the next 10 years,what is the maximum amount you would be prepared to pay for such an investment if you required a return of 12 per cent?
A) $107 143
B) $210 584
C) $87 603
D) $120 000
E) $67 803
Correct Answer:
Verified
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