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Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. 1. Invest $ 2,849,165 at the end of each year
Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. 1. Invest $ 2,849,165 at the end of each year for 10 years. 2. Invest $591,366 at the end of every quarter for 40 quarters. 3. Invest $1,957,350 at the end of every six months for 20 semi-annual periods. 4. Invest $280,000 at the end of every month for 10 years. Determine the RoR for alternative choice number 3. O 5.06% O 3.85% O 4.57% 0 7.75%
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