An investment promises to pay $1000 per year (paid at the end of each year) for 10
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Question:
- An investment promises to pay $1000 per year (paid at the end of each year) for 10 years with an interest rate of 10% compounded annually. Estimate the investment amount required to make, below which the internal rate of return from the investment will be greater than 10% per annum.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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