For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at
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For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at the end of 8 years. What is the annually compounded rate of interest? What is the continuously compounded rate of interest?
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Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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