Question
Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to
Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on this investment?
Answer: 41% however what is the excel calculation/formula used to get 41%?
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Financial Management
Authors: P V V Satyanarayana
1st Edition
9350568012, 9789350568019
