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There is an effective annual interest rate of 4%. You spend $1,000,000 on a project which promises a fixed amount of money K starting one
There is an effective annual interest rate of 4%. You spend $1,000,000 on a project which promises a fixed amount of money K starting one year from now for ten years. What must K be in order to break even?
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
