Suppose that you have the opportunity to invest $1100 at the end of each of the next
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Suppose that you have the opportunity to invest $1200 at the end of each of the next 10 months. This investment promises to pay you $15,000 immediately after you make the last payment at the end of month 10. What is the EAR of this investment opportunity? Enter your answer as a percent without the sign. Round your final answer to two decimals.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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