Question
An investment costs -$500 and is expected to produce cash flows of $50 at the end of Year 1, $60 at the end of Year
An investment costs -$500 and is expected to produce cash flows of $50 at the end of Year 1, $60 at the end of Year 2, $70 at the end of Year 3, and $500 at the end of Year 4. What rate of return would you earn if you bought this investment?
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
