Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $900 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. What is the expected rate of return on this investment?

Answer rating: 100% (QA)

Year Amount PV Factor 11 Value at 11 PV Factor 12 Value at 12 0 10000 10000 1000000 10000 100000... View the full answer