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%
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%
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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