Question
You lend a friend $20,000 , which your friend will repay in 10 equal annual end-of-year payments of $4,000 , with the first payment to
You lend a friend
$20,000 ,
which your friend will repay in
10 equal annual end-of-year payments of
$4,000 , with the first payment to be received 1 year from now. What rate of return does your loan receive?
The rate of return your loan will receive is %?
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The Private Equity Edge How Private Equity Players And The Worlds Top Companies Build Value And Wealth
Authors: Arthur B. Laffer,William J. Hass, Shepherd G. Pryor
1st Edition
0071590781,0071642927
