Question
An insurance firm agrees to pay you $4,205 at the end of 23 years if you pay premiums of $104 per year at the
An insurance firm agrees to pay you $4,205 at the end of 23 years if you pay premiums of $104 per year at the end of each year for 23 years. Find the internal rate of return to the nearest whole percentage point. 5.00% 4.60% 5.40% 5.20% O 4.80%
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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