An industrial engineer invests $100,000.00 now, and in threeyears he adds $3,000.00 to the investment. He is
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An industrial engineer invests $100,000.00 now, and in threeyears he adds $3,000.00 to the investment. He is able to withdraw $5,000.00 the first year increasing by $1,000.00 each year for 10years. He also will be withdrawing $50,000.00 in fiveyears and $20,000.00 in 10years. Using net present worth analysis, determine the rate of return on the investment.
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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