Question
An investor was afraid that he would become like King Lear in his retirement and beg hospitality from his children, so he purchased grain tithes,
| An investor was afraid that he would become like King Lear in his retirement and beg hospitality from his children, so he purchased grain "tithes," or shares in farm output, for 720 pounds. The tithes paid him 74 pounds per year for 29 years. |
| What interest rate did the he receive on this investment? |
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Short Term Financial Management
Authors: Ned C Hill
1st Edition
0023548207, 978-0023548208
