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corie corie
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Nancy is considering forming a 5 year business partnership with Claudia.  Nancy believes her portion of the partnership will generate the following profits:

Year   Profits   Present Value
1   $2,000   
2   $4,000   
3   $12,000   
4   $15,000   
5   $18,000   

Nancy's appropriate discount rate is 6%.  To join the partnership, Nancy needs to invest $30,000.  Does the partnership offer a rate of return in excess of 6%?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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7 years ago
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4 years ago
thank you
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