I would really like to know how to solve this correctly using a finacial calculator so if you could lay out those step by step using a finacial calculator to get to the answer would be best thanks.

A seller offers for sale a small business that he values at $$100,000.$ A buyer is

willing to purchase the business only if the payments are structured as follows:

Show that the IRR $($effective annual rate of return$)$ implied in the offer is $11\mathrm{.}05\%.$