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Problem 7: A pension fund is making an investment of $150,000 today and expects to receive $3,500 at the end of each month for the

Problem 7: A pension fund is making an investment of $150,000 today and expects to receive $3,500 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $150,000 will be returned. What is the internal rate of return compounded annually on this investment?

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