2. Catherine receives $12,000 from Linda and repays it by paying $5,000 at the end of 2 years and $10000 at the end of 4 years. Compute the rate of return. (A) 6.9895 (B) 7.9895 (C) 8.9895 (B) (C) (D) (三) (D) 9.9895 (E) None of the above
2. Catherine receives $12,000 from Linda and repays it by paying $5,000 at the end of 2 years and $10000 at the end of 4 years. Compute the rate of return. (A) 6.9895 (B) 7.9895 (C) 8.9895 (B) (C) (D) (三) (D) 9.9895 (E) None of the above
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 16CE
Question

Transcribed Image Text:2. Catherine receives $12,000 from Linda and repays it by paying $5,000 at
the end of 2 years and $10000 at the end of 4 years. Compute the rate of
return.
(A) 6.9895
(B)
7.9895
(C) 8.9895
(B) (C) (D) (三)
(D)
9.9895
(E)
None of the above
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