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What is the rate of return (the interest rate) on an investment today of $32,084.38 if the company expects to receive $45,000 in 5 years?
What is the rate of return (the interest rate) on an investment today of $32,084.38 if the company expects to receive $45,000 in 5 years?
| a. | 7% | |
| b. | 6% | |
| c. | 8% | |
| d. | 9% |
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
