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Question

#20 What discount rate would make you indifferent between receiving

$3,353.00 per year forever and $5,478.00 per year for 28.00 years? Assume the first payment of both cash flow streams occurs in one year.


 
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Step-by-step answer

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Subject: Business, Finance

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