You have made an investment in Argentina copper mines. The investment required $100,000 at time 0 and $10,000 two years later. In return you have received $20,000 after 4 years, $35,000 after 6 years, $35,000 after 8 years and $9,500 after 10 years. What is the yield (annual effective yield) on your investment? A) -1.5% C) 7.5% E) No solution to the problem B) 1.5% D) 8.5%

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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D. You have made an investment in Argentina copper mines. The investment
required $100,000 at time 0 and $10,000 two years later.
In return you have received $20,000 after 4 years, $35,000 after 6 years,
$35,000 after 8 years and $9,500 after 10 years.
What is the yield (annual effective yield) on your investment?
A) -1.5%
C) 7.5%
E) No solution to the problem
B) 1.5%
D) 8.5%
Transcribed Image Text:D. You have made an investment in Argentina copper mines. The investment required $100,000 at time 0 and $10,000 two years later. In return you have received $20,000 after 4 years, $35,000 after 6 years, $35,000 after 8 years and $9,500 after 10 years. What is the yield (annual effective yield) on your investment? A) -1.5% C) 7.5% E) No solution to the problem B) 1.5% D) 8.5%
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