Homework Answers
Answer:
6.51%
explanation:
we can calculate with following formula:
=LDF+(HDF-LDF)[(PVLDF-PV)/(PVLDF-PVHDF)]
=5+(7-5)[26.58-0)/(26.58+8.64)]
=5+2(0.7547)
=5+1.51
=6.51%
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