Question
On a contract you have a choice of receiving 25,000 six years from now, or, 50,000 twelve year from now. At what implied annual interest
On a contract you have a choice of receiving 25,000 six years from now, or, 50,000 twelve year from now. At what implied annual interest rate should you be indifferent between the two contracts.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
