5. You have heard of an investment that pays out semi-annual amounts of $210'000 for 15...
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5. You have heard of an investment that pays out semi-annual amounts of $210'000 for 15 years with a final payout of $580'000 in the 15th year. If you invested the entire fund today, what would the average annual rate of return of this investment be? Round your answer to 2 decimals and give as a % (for example 45.239% = 45.24%). Answer: annual rate 5. You have heard of an investment that pays out semi-annual amounts of $210'000 for 15 years with a final payout of $580'000 in the 15th year. If you invested the entire fund today, what would the average annual rate of return of this investment be? Round your answer to 2 decimals and give as a % (for example 45.239% = 45.24%). Answer: annual rate
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SOLUTION To calculate the average annual rate of return of this investme... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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