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29. At what periodic interest rate is a $2,000 cash receipt occurring at the beginning of year 1 equivalent to four annual $600 cash disbursements?
29. At what periodic interest rate is a $2,000 cash receipt occurring at the beginning of year 1 equivalent to four annual $600 cash disbursements? The first cash dis bursement occurs at the end of year 1, the second occurs
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
