Question
A three-year investment project makes an annual 3.33% payment on the investment of $1,000,000. If the current discount is 4% annually, calculate the value of
B) You have saved €3,333. How long does it take to triple your money at an interest rate of 3.33%?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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