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Based on the following cash flows (t=0 to t=4), calculate the approximate-ERR. Assume the MARR is at 10%. t=0, disbursement of 45,000. t=1, receipt of
Based on the following cash flows (t=0 to t=4), calculate the approximate-ERR. Assume the MARR is at 10%. t=0, disbursement of 45,000. t=1, receipt of 20,000. t=2, receipt of 22,000. t=3, receipt of 25,000. t=4, disbursement of 20,000. 7.7868% 3.4656% 1.4365% 8.4214% 9.0112%
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Financial Accounting A Decision Making Approach
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
2nd Edition
0471328235, 978-0471328230
