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Author Question: What annual payment would you have to receive in order to earn a 7% rate of return on a perpetuity ... (Read 89 times)

yulisa3298

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on: Aug 7, 2023

Question 1

Suppose your credit card issuer states that it charges a16% nominal annual rate. If you must make monthly payments, which amounts to monthly compounding, what is the effective annual rate?

◦

16.27%


◦

16.08%


◦

17.52%


◦

17.23%



Question 2

What annual payment would you have to receive in order to earn a 7% rate of return on a perpetuity that has a cost of $1,660?

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$116.20


◦

$103.75


◦

$98.44


◦

$109.36

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by yulisa3298 on Aug 7, 2023

risolinick@gmail.com

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yulisa3298

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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