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 500 pounds. The tithes paid him 63 pounds per year for 30 years. What interest rate did the he receive on this investment?
Interest Rate:
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Handbook Of Quantitative Finance And Risk Management
Authors: Cheng-Few Lee, John Lee
2010th Edition
0387771166, 978-0387771168
