Question
Investment A returns 2400 in t = 6. Investment B returns 2800 in t = 8. At what interest rate do both investments have the
Investment A returns 2400 in t = 6. Investment B returns 2800 in t = 8. At what interest rate do both investments have the same present value in t = 0 (Give your answer as a decimal, i.e. answer 0.06 and not 6 if the answer is 6%! Please give your answer with 4 decimal places, e.g. 0.0543)
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Managerial Accounting for Managers
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