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1. You purchase an investment with a five-year life for $80 today, and receive the following cash flows at the end of years 1 through

1.

You purchase an investment with a five-year life for $80 today, and receive the following cash flows at the end of years 1 through 5, respectively: $5.00; $5.25; $5.50; $5.75; $92.00. What rate of return did you make on this investment?

Group of answer choices

7.67%

8.25%

7.85%

8.10%

2.

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