Question
COSCO invested $5.5 million in a project ten years ago. As of today the worth of this project is $24.9 million. What APR has the
COSCO invested $5.5 million in a project ten years ago. As of today the worth of this project is $24.9 million. What APR has the project been earning if interest is compounded monthly? NOTE: I have calculated either 16.3% annual effective and 15.2% nominal and am not sure which is being requested here
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
