Question
10. Assume the following future values will be received at the end of each year. What is the interest rate if the future value of
10. Assume the following future values will be received at the end of each year. What is the interest rate if the future value of these amounts at the end of year 3 is equal to $2,393?
Yr. 1 = $500;
Yr. 2 = $750;
Yr. 3 = $1,000
A. 6.5%
B. 6.8%
C. 7.0%
D. 8.0%
E. 8.9%
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
