Nhat is the rate of return (the interest rate) on an investment today of $30,626.24 if the company expects to receive $45,000 in 5 years? а. 9% b. 8% С. 6% Od. 7%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 7PROB
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What is the rate of return (the interest rate) on an investment today of $30,626.24 if the company expects to
receive $45,000 in 5 years?
а. 9%
O b. 8%
С. 6%
d. 7%
Transcribed Image Text:What is the rate of return (the interest rate) on an investment today of $30,626.24 if the company expects to receive $45,000 in 5 years? а. 9% O b. 8% С. 6% d. 7%
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