Question
What discount rate would make you indifferent between receiving $3,765.00 per year forever and $5,455.00 per year for 28.00 years? Assume the first payment of
What discount rate would make you indifferent between receiving $3,765.00 per year forever and $5,455.00 per year for 28.00 years? Assume the first payment of both cash flow streams occurs in one year.
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
