Question
Problem 3-14 A pension fund is making an investment of $120,000 today and expects to receive $1,800 at the end of each month for the
Problem 3-14\ A pension fund is making an investment of
$120,000 today and expects to receive
$1,800 at the end of each month for the next five years. At the end of the fifth year, the capital investment of
$120,000 will be returned.\ Required:\ What is the internal rate of return compounded annually on this investment?\ Note: Do not round intermediate calculations and round your final answer to 1 decimal place.\ Answer is complete but not entirely correct.\
19.6 is not correct
A pension fund is making an investment of $120,000 today and expects to receive $1,800 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $120,000 will be returned. Required: What is the internal rate of return compounded annually on this investment? Note: Do not round intermediate calculations and round your final answer to 1 decimal place. Answer is complete but not entirely correct
Problem 3-14\ A pension fund is making an investment of
$120,000today and expects to receive
$1,800at the end of each month for the next five years. At the end of the fifth year, the capital investment of
$120,000will be returned.\ Required:\ What is the internal rate of return compounded annually on this investment?\ Note: Do not round intermediate calculations and round your final answer to 1 decimal place.\ Answer is complete but not entirely correct.\
19.6is not correct
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
