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Question 7 An investor is able to borrow N$ 1 0 0 0 . 0 0 at 8 % effective for one year and immediately

Question 7
An investor is able to borrow N$ 1000.00 at 8% effective for one year and immediately invest the NS 1000.00 at 12% effective for the same vear. Find the investor's internal rate of retum on this Transaction.
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