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A pension fund is making an investment of $128.000 today and expects to receive $1.880 at the end of each month for the next five

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A pension fund is making an investment of $128.000 today and expects to receive $1.880 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $128,000 will be returned. Required: What is the internal rate of return compounded annually on this investment? Note: Do not round intermediate calculations and round your final answer to 1 decimal place

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