$2000 $2000 6 7 8 $16,205 Repeating pattern

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The following infinite cash flow has a rate of return of 20%. Compute the
unknown value of X.

(a) $3,028
(b)$5,510
(c) $5,028
(d) $5,236

$2000
$2000
6
7
8
$16,205
Repeating pattern
Transcribed Image Text:$2000 $2000 6 7 8 $16,205 Repeating pattern
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