Question
You lend a friend $45,000, which your friend will repay in 13% equal annual end-of-year payments of $8,000, with the first payment to be received
You lend a friend $45,000, which your friend will repay in 13% equal annual end-of-year payments of $8,000, with the first payment to be received 1 year from now. What rate of return does your loan receive?
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
