What was that money receipt

Assignment Help Financial Management

Reference no: EM13849689

We receive $3,000 per semester and $87,000 in 9 years from the present.

1. What ROR did we attain, if we now invest $4,000?

2. We buy an asset for $20,000. We receive money to the tune of ___ per month.

At the end, 4 years later, we are paid $12,000. The ROR is 10%. What was that money receipt?

Reference no: EM13849689

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