Question
Your bank has agreed to loan you $3,000 if you agree to pay a single lump sum of $5,055 in five years. What annual rate
Your bank has agreed to loan you $3,000 if you agree to pay a single "lump sum" of $5,055 in five years. What annual rate of interest will you be paying?
* How would you input this into a financial calculator?
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
