You are keen to obtain a helicopter pilots licence. A club offers you lessons over two years,

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You are keen to obtain a helicopter pilot’s licence. A club offers you lessons over two years, with a choice between the following payment terms:

◦ you can either pay the full fees (€10,000) immediately with a 10% discount; or

◦ you can make two equal annual payments, the first one due immediately.

At what interest rate would these two options work out at the same cost?

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Corporate Finance Theory And Practice

ISBN: 9780470721926

2nd Edition

Authors: Pierre Vernimmen, Pascal Quiry

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Question Posted: May 29, 2024 09:02 AM

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You are keen to obtain a helicopter pilots licence. A club offers you lessons over two years,

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Corporate Finance Theory And Practice

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