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A pension fund is making an investment of $100,000 today and expects to receive $1,500 at ten end of each month for the next five
A pension fund is making an investment of $100,000 today and expects to receive $1,500 at ten 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 this investment? Draw the cash flow diagram. Please show excel or hpc calculations
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