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An annuity will pay you $500 two years from now, and another $1000 four years from now. The present value of these two payments
An annuity will pay you $500 two years from now, and another $1000 four years from now. The present value of these two payments is $1200. Find the implied effective annual interest rate, i. 7.5%
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
11th edition
9781118806500, 1118582799, 1118806506, 978-1118582794
