Your friend asks you to invest $10,000 in a business venture. Based on your estimates, you would
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Your friend asks you to invest $10,000 in a business venture. Based on your estimates, you would receive nothing for 4 years, at the end of year 5 you would receive $4,690, and at the end of year 6 you would receive $14,500. If your estimates are correct, what would be the yield on this investment?
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Interest on the investment in year 5 10000 x FVIF 8 5 years 10000...View the full answer
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Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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