What annual rate of return is implied on a $2,500 loan taken next year when $3,500 must

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What annual rate of return is implied on a $2,500 loan taken next year when $3,500 must be repaid in year 4?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:25 AM

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What annual rate of return is implied on a $2,500 loan taken next year when $3,500 must

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FV N PV 1 i N FV 4 PV 1 1 i 4 1 3500 25...View the full answer

Finance Applications and Theory

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