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2. (10%) An investor will contribute 100,000 1 year from now and another 100,000 1 year after that to a project that will return 10

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2. (10%) An investor will contribute 100,000 1 year from now and another 100,000 1 year after that to a project that will return 10 annual year-end payments of 38,632 starting 6 years after the initial investment. Find the overall effective annual return on this investment

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