Question
Roger has just lost a lawsuit and has agreed to make equal annual payments of $14,100 for the next 8 years with the first payment
Roger has just lost a lawsuit and has agreed to make equal annual payments of $14,100 for the next 8 years with the first payment due today. The value of this liability today is $89,000. What is the interest rate on the payments?
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The Dark Side Of Valuation
Authors: Aswath Damodaran
3rd Edition
0134854101, 9780134854106
