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A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $2000 must be paid
A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $2000 must be paid out to a beneficiary, and the account liquidated at the end of year four. If the liquidation value is $115,000 the account has earned an annual internal rate of return of?
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