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An investment of $10,000 today, will pay 6 yearly payments of $2,500 each. a) Determine the rate of return on this investment. Circle the correct
An investment of $10,000 today, will pay 6 yearly payments of $2,500 each. a) Determine the rate of return on this investment. Circle the correct answer. (5 points) A. 14.79% B.15.01% C.14.06% D. 12.98% b) What Excel function or functions can determine the rate of return for this problem? (5 points)
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