Jones expects an immediate investment of $57,466 to return $10,000 annually for eight years, with the first

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Jones expects an immediate investment of $57,466 to return $10,000 annually for eight years, with the first payment to be received one year from now. What rate of interest must Jones earn? (Use Table B.3.)

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 05:40 AM

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Jones expects an immediate investment of $57,466 to return $10,000 annually for eight years, with the first

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In Table B3 where n 8 ...View the full answer

Managerial Accounting

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