Question
Suppose we were examining an asset that promised to pay $500 at the end of each of the next 4 years. The cash flows from
Suppose we were examining an asset that promised to pay $500 at the end of each of the next 4 years. The cash flows from this asset are in the form of a 4-year, $500 annuity. In 4 years, you receive a total $3,000, so what is the rate of return?
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De Gruyter Handbook Of Personal Finance
Authors: Grable, John E., Chatterjee, Swarn
1st Edition
3110727498, 978-3110727494
