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Five years ago, you bought a condo for $139594. Today, you sell it for $542622. The internal rate of return of this investment is %

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Five years ago, you bought a condo for $139594. Today, you sell it for $542622. The internal rate of return of this investment is % p.a., compounded annually. QUESTION 2 Five years ago, you purchased a condo with $300,000. You rented it to me and received $1000 per month for 60 months from me. Today, after you receive the $1000, you sold the condo for $500,000. The IRR of this investment is % p.a. compounded annually, Note that it is not the monthly rate. QUESTION 3 Bank A quotes an interest rate of 2.57% per annum, compounded monthly. It is equivalent to an interest rate of % per annum, compounded annually

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