Your cat just won the local feline lottery to the tune of, Ask an Expert

Economics

Your cat just won the local feline lottery to the tune of 3000 cans of "9-Lives" cat food (assorted flavors). A local grocer offers to take the 3000 cans and in return, supply 30 cans a month for the next 10 years. What rate of return, in terms of nominal annual rate, will you realize on this deal? (Compute to nearest 0.01%.)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92634806

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