At what periodic interest rate is a cash receipt

Reference no: EM131518091

Question: 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.

Reference no: EM131518091

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