An investment will pay you $3045.73 in 2 years if you pay $2215.19 today. What is the
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Question:
An investment will pay you $3045.73 in 2 years if you pay $2215.19 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)
This problem set includes questions where you will be required to solve for:
1. rate (r)
2. time (t)
3. PV of a lump sum
4. FV of a lump sum
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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