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Problem 3-14 A pensionifund is making an investment of $116,000 today and expects to receive $1760 at the end of each month for the next

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Problem 3-14 A pensionifund is making an investment of $116,000 today and expects to receive $1760 at the end of each month for the next live years. At the end of the fifth year, the capital investment of $116,000 will be returned Required: What is the internal rate of return compounded annually on this westment? (Do not your round intermediate calculations and round your final answer to 1 decimal place.) nes

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