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$10.00 You have an asset that entitles you to a one-time payment of $50 two years from now.

Found in Mathematics: General-Mathematics
Chapter 1, # 0
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You have an asset that entitles you to a one-time payment of $50 two years from now.  If the present value of this asset is $45.79, then what (approximately) was the annual interest rate used?

 

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You have an asset that entitles you to a one-time payment of $50 two years from now.
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  • Posted on Feb. 24, 2011 at 11:31:31AM
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Preview: ... ou have an asset that entitles you to a one-time payment of $50 two years from now.  If the present valu ...
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