Question
jim douglas pays $10,000 for a mortgage contract that will pay $3,000 at the end of each of the next 5 years. What rate of
jim douglas pays $10,000 for a mortgage contract that will pay $3,000 at the end of each of the next 5 years.
What rate of return will he earn? - for this i got 15.24% using a financial calculator
Suppose that the annuity is paid as an annuity due. What is the return in this case?- I'm not sure of what change to make to find the annuity due in the calculations
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
