Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter10: The Basics Of Capital Budgeting: Evaluating Cash Flows
Section10.4: Internal Rate Of Return (irr)
Problem 6ST
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What single payment at the end of year 5 is equivalent to an equal annual series of payments of $1200 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 10% compounded annually.

5
12
Transcribed Image Text:5 12
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