Question
If you are willing to pay $45,765.00 today to receive $4,502.00 per year forever then your required rate of return must be ____%. Assume the
If you are willing to pay $45,765.00 today to receive $4,502.00 per year forever then your required rate of return must be ____%. Assume the first payment is received one year from today.
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
