Question
You lend $110 today and receive a promise for repayment 10 years from now of $237. What is implied effective annual interest rate? Round your
You lend $110 today and receive a promise for repayment 10 years from now of $237. What is implied effective annual interest rate? Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
