For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at

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For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at the end of 8 years. What is the annually compounded rate of interest? What is the continuously compounded rate of interest?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 03:53 AM

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For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at

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To find the annual rate r we solve the following future val...View the full answer

Principles of Corporate Finance

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