Local feline lottery to the tune

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Your cat just won the local feline lottery to the tune of 3000 cans of "9 Lives" cat food (assorted flavours). A local grocer offers to take the 3000 cans and in return, supply 30 cans a month for the next 10 years. What rate of return, in terms of nominal annual rate will you realize on the deal? (Compute to the nearest 0.01%)

Reference no: EM13700277

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Local feline lottery to the tune : Your cat just won the local feline lottery to the tune of 3000 cans of "9 Lives" cat food (assorted flavours). A local grocer offers to take the 3000 cans and in return, supply 30 cans a month for the next 10 years. What rate of return, in terms of n..

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