At what periodic interest rate is a $5,000 cash disbursement occurring today equivalent to a cash receipt

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At what periodic interest rate is a $5,000 cash disbursement occurring today equivalent to a cash receipt of $7,605.30 occurring five years from now? The periodic interest rate is compounded annually.

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Construction accounting and financial management

ISBN: 978-0135017111

2nd Edition

Authors: Steven j. Peterson

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Question Posted: Mar 27, 2013 06:53 AM

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At what periodic interest rate is a $5,000 cash disbursement occurring today equivalent to a cash receipt

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Construction accounting and financial management

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