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An investment costs $ 2 5 0 now, yields $ 1 0 0 in 1 year and X in 3 years. You can reinvest the
An investment costs $ now, yields $ in year and X in years. You can reinvest the year cash flow at an annual interest rate Rnote that you earn the cash flow in year so you can reinvest it twice
The ann. HPR is
X $
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