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Jure Lawye the amount of $61 milion today in the expect to say the woni w lion What frum e nt where on this moment Your answe
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Answer #1

Nper = 7
PV = $61 million
FV = $190 million

Rate of return can be calculated by using the following excel formula:
=RATE(nper,pmt,pv,fv)
=RATE(7,0,-61,190)
= 17.62%

Rate of return = 17.62%

FEEL FREE TO ASK DOUBTS.

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