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Problem 7-3 Solve the following rate of return problems. a. An investment of $1,100 today returns $57,000 in 50 years. What is the internal rate
Problem 7-3\ Solve the following rate of return problems.\ a. An investment of
$1,100
today returns
$57,000
in 50 years. What is the internal rate of return on this investment?\ b. An investment costs
$950,000
today and promises a single payment of
$12.3
million in 22 years. What is the promised rate of return, IRR, on this investment?\ c. What return do you earn if you pay
$23,930
for a stream of
$6,000
payments lasting 10 years?\ Note: Round your answers to 2 decimal places.\ \\\\table[[a. IRR,
%
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