3500 2 3000 3 3100 4 2800

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter10: Capital Budgeting: Decision Criteria And Real Option
Section: Chapter Questions
Problem 8P
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Calculate the EAR of the following investment, entered as a percentage (Example: if your answer is 0.145, enter 14.5)

Year Number Cashflow
0 -11400
1 3500
2 3000
3 3100
4 2800
 

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