(EAIR annuity) Your lovely wife has decided to buy you a vacuum cleaner for your birthday (she...
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(EAIR annuity) Your lovely wife has decided to buy you a vacuum cleaner for your birthday (she always supports you in your hobbies…). She called your best friend, a manager of a vacuum cleaner store, and he has suggested one of two payment plans: She can either pay $100 now or make 12 monthly payments of $10 each, starting from today. What are the monthly IRR and the EAIR of the payment-over-time plan?
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Related Book For 
Principles Of Finance Wtih Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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