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1) - requirement of $238,400. The onths. What is the rate of 1) Jogging Gear is considering a project with an initial cash re
1) - requirement of $238,400. The onths. What is the rate of 1) Jogging Gear is considering a project with an initial cash re
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Answer #1

1)

using excel function as

=RATE(nper,pmt,pv,fv)

=RATE(65,4930,-238400,0)*12

=11.38%

so D) is answer..

the above is answer..

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