Question
$2500 can be invested with expected returns of $1250 in one year and $1800 in three years, or the $2500 can be invested at 12%
$2500 can be invested with expected returns of $1250 in one year and $1800 in three years, or the $2500 can be invested at 12% for 3 years.
a)determine the best option.
b)determine the internal rate of return for the first option
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Personal Finance In A Public World How Technology Social Media And Ads Affect Your Money Decisions
Authors: Bob DePasquale
1st Edition
1637306652, 978-1637306659
