Consider the following cash flow: Year Cash Flow o..........................-$1000 1....................................0 2.............................+300 3.............................+300 4.............................+300 5.............................+300 Compute the rate
Question:
Consider the following cash flow:
Year Cash Flow
o..........................-$1000
1....................................0
2.............................+300
3.............................+300
4.............................+300
5.............................+300
Compute the rate of return on the $1000 investment to within 0.1%.
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