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ROR stands for rate of return Pam promises to pay Sandy $4,000 in year 4 and another $6,000 in year 8 for a loan of

image text in transcribedROR stands for rate of return

Pam promises to pay Sandy $4,000 in year 4 and another $6,000 in year 8 for a loan of $4,000 from Sandy today What is the ROR that Sandy is getting? Assume interest is compounded monthly. A) 14.75% B) 16.72% C) 15.39% D) 18.08% Pam promises to pay Sandy $4,000 in year 4 and another $6,000 in year 8 for a loan of $4,000 from Sandy today What is the ROR that Sandy is getting? Assume interest is compounded monthly. A) 14.75% B) 16.72% C) 15.39% D) 18.08%

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