What is the annual return on this investment

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Reference no: EM131880177

How much must you deposit in an account today so that you have a balance of $ 13,894 at the end of 8 years if interest on the account is 15 % p.a., but with quarterly compounding?

The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,542 today. What is the annual return on this investment?

Reference no: EM131880177

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