On January 15, 2000, enterprise A loans $6, 120.00 to Enterprise B and $16, 900.00 to Enterprise
Fantastic news! We've Found the answer you've been seeking!
Question:
On January 15, 2000, enterprise A loans $6, 120.00 to Enterprise B and $16, 900.00 to Enterprise C. Enterprise B repays Enterprise A $7000 on January 15, 2002 and this money is reinvested at a 5% annual effective rate. Enterprise C repays Enterprise A $22500 on January 15, 2004.
What is the annual yield received by Enterprise B over the four-year interval?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: