Question
Whats the interest rate of a 10-year, annual $3,200 annuity with present value of $20,000? (Use a time value of money calculator or a spreadsheet.
Whats the interest rate of a 10-year, annual $3,200 annuity with present value of $20,000? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.)
PVIFA(x% , 6 years) = 20,000/3,200
x = ?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
