If Money If Worth $1,150 Now and $1,205 in 240

question 96

Multiple Choice

If money if worth $1,150 now and $1,205 in 240 days, determine the rate of return that an investor would be indifferent between the two options.

• A) 9.15%
• B) 8.38%
• C) 8.41%
• D) 7.50%
• E) 7.27%

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