Question
The following table shows the receipts and disbursements for a given venture. Determine the desirability of the venture fro a 14% interest rate, based on
The following table shows the receipts and disbursements for a given venture. Determine the desirability of the venture fro a 14% interest rate, based on the present equivalent comparison and the annual equivalent comparison.
| End of year | Receipts $ | Disbursements $ |
| 0 | 0 | 20,000 |
| 1 | 6,000 | 0 |
| 2 | 5,000 | 4,000 |
| 3 | 5,000 | 0 |
| 4 | 12,000 | 1,000 |
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Secured Finance Transactions Key Assets And Emergin Markets
Authors: Paul U Ali
1st Edition
1905783108, 978-1905783106
