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Please answer the following question quickly, showing all work accordingly on all sections. Thank you. What does the IRR rule advise regarding the payment arrangement?

Please answer the following question quickly, showing all work accordingly on all sections. Thank you.

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What does the IRR rule advise regarding the payment arrangement? (Hint: Find the monthly rate that will yield an effective annual rate of 15%.) What about the NPV rule? The annual IRR is \%. (Round to two decimal places.)

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