Mike receives cash flows of 100 today, 200 in one year, and 100 in two years. The present value of these cash flows is 364.46 at an annual effective rate of interest i. Calculate i.
Mike receives cash flows of 100 today, 200 in one year, and 100 in two years. The present value of these cash flows is 364.46 at an annual effective rate of interest i. Calculate i.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Mike receives cash flows of 100 today, 200 in one year, and 100 in two years. The present value of these cash flows is 364.46 at an annual effective rate of interest i.
Calculate i.
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