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Posted on Sep 19, 2024

A pension fund is making an investment of $ 1 0 0 , 0 0 0 today and expects to receive $ 1 , 5

A pension fund is making an investment of $

100, 000

today and expects to receive

1, 500

at the end of each month for the next five years. At the end of the fifth year, the capital investment of $

100, 000

will be returned. What is the internal rate of return on investment?

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