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A pension fund is making an investment of $200,000 today and expects to receive $10,000, $12,000, $14,000, $18,000 and $25,000 at the end of each
- A pension fund is making an investment of $200,000 today and expects to receive $10,000, $12,000, $14,000, $18,000 and $25,000 at the end of each year for the next five years. At the end of the fifth year, the capital investment of $200,000 will be returned.
What is the internal rate of return compounded annually on this investment?
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
978-1259564550
