What is the annual receipt we make

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Reference no: EM131880234

1) We have an investment of $5,000 on which we receive $3,000 yearly, as well as $25,000 17 years later. Compute the i on that investment.

2) We invest $24,000 for 10 years. We receive $11,000 10 years later. The i is 15% annually. What is the annual receipt we make?

PLEASE SOLVE IN DETAIL SHOW ALL WORK AND BOND FORMULAS USED

Reference no: EM131880234

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