What is the implied annual rate of interest

Reference no: EM13154349

1. If you can double your money in 23 years, what is the implied annual rate of interest, given that compounded in quarterly?
2. Assume interest rate of 14%. A company receives cash flows of $576 at the end of year 5, $393 at the end of year 7, and $602 at the end of year 10. Compute the future value of this cash flow stream.
3.What should you be willing to pay in order to receive $916 annually forever, if you require 4% per year on the investment?

Reference no: EM13154349

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What is the implied annual rate of interest : 1. If you can double your money in 23 years, what is the implied annual rate of interest, given that compounded in quarterly? 2. Assume interest rate of 14%. A company receives cash flows of $576 at the end of year 5, $393 at the end of year 7, and ..

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