Question
You are considering an investment opportunity that offers you a 10 equal payments of $100 per year plus an additional $1000 10 years from today.
You are considering an investment opportunity that offers you a 10 equal payments of $100 per year plus an additional $1000 10 years from today. If this investment opportunity requires an investment of $925 today, what is the rate (of return) of this investment?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
