Chris loans Sarah $20000. Sarah repays Chris $2000 at the end of year 1, $4000 at the
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Chris loans Sarah $20000. Sarah repays Chris $2000 at the end of year 1, $4000 at the end of year 2, $6000 at the end of year 3, $8000 at the end of year 4, and 10000 at the end of year 5. Money from chris can be reinvested at an interest rate of 7%. Find Chris' and Sarahs yeild rate.
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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