Question
An investment requires 45,000 today, and produces an yearly cash flow of 3200 in perpetuity. Cash flow is expected to grow at 2% a year.
An investment requires 45,000 today, and produces an yearly cash flow of 3200 in perpetuity. Cash flow is expected to grow at 2% a year. What is the rate of return of this investment?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
