Question
The Milken Company is offering you an investment that promises you $10,000 at the end of 7 years if you invest $ 6,771 today. What
The Milken Company is offering you an investment that promises you $10,000 at the end of 7 years if you invest $ 6,771 today. What is the annual return on this investment?(Compute your answer as a percent rounded to 2 decimal places. Record without a percent sign. For example, record .0848765 = 8.48765% as 8.49)
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
