At a annual effective rate of interest i, payment of $100 from now,$200 two years from now and $100 four years from now have a total present value of $300. Calculate i A.11.7% B.13% C.14.5% D.15.8% E.16.9%

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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At a annual effective rate of interest i, payment of $100 from now,$200 two years from now and $100 four years from now have a total present value of $300. Calculate i

A.11.7% B.13% C.14.5% D.15.8% E.16.9%

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