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I got this question wrong and I really need to see what I did wrong At what interest rate, the transactions presented in the table
I got this question wrong and I really need to see what I did wrong
At what interest rate, the transactions presented in the table are equivalent to the $60,000 transaction occurring now (i.e., at the end of the year 0). The transactions in the table occur at the end of corresponding years. You do not need to show any calculation for this question. Provide your answer with two decimal digit accuracy. Year Cash flows (S) Answer: 0 0.23 X (10.39) 1 $30,000 2. $40,000 1/ 1 pointStep by Step Solution
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