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Please show all work (8 points) Louis is evaluating an investment. They will pay X right now and 1.3X in one year. In exchange, they
Please show all work
(8 points) Louis is evaluating an investment. They will pay X right now and 1.3X in one year. In exchange, they will receive $22,000, $20,000, and $28,000 at the ends of years 3, 4, and 5, respectively. What should X be if they want to achieve an effective annual internal rate of return of 6.2%Step by Step Solution
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