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how would you use a ti84 calculator to get the internal rate of return =10.33% An individual purchases a plot of land for $16,000. A
how would you use a ti84 calculator to get the internal rate of return =10.33%
An individual purchases a plot of land for $16,000. A year after the land is purchased, he makes improvements costing $4,000; the next year, he makes improvements costing $3,000. At the end of the third year, the land is rented to a tenant who pays $3,000 for the entire year, and $3,500 at the end of the fourth year. At the end of the fifth year, the land is sold for $28,600. What has been the rate of return on this investment?
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