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A corporation is considering the purchase for $100,000 of an interest in a real estate syndication that will pay $2,000 at the end of each

A corporation is considering the purchase for $100,000 of an interest in a real estate syndication that will pay $2,000 at the end of each month for the next 25 years. What is the annual rate of return?

Group of answer choices

23.20%

23.94%

25.67%

No correct answer, because it violates the rules of IRR validity

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