Construction Accounting And Financial Management (4th Edition)
Construction Accounting And Financial Management (4th Edition)
4th Edition
ISBN: 9780135232873
Author: Steven J. Peterson MBA PE
Publisher: PEARSON
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Chapter 15, Problem 30P

At what periodic interest rate is a $4,000 cash receipt occurring at the beginning of year 1 equivalent to ten annual $750 cash disbursements? The first cash disbursement occurs at the end of year 1, the second occurs at the end of year 2,…, and the tenth occurs at the end of year 10.

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