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Six years ago, Miguel invested $3,500. Today his investment is worth $5659. The internal rate of return on this investment is A) -7.69%. B) error

Six years ago, Miguel invested $3,500. Today his investment is worth $5659. The internal rate of return on this investment is

A) -7.69%.

B) error 5.

C) 8.34%.

D) 10.28%.

Please show formula and calculation (NOT FROM EXCEL PLEASE) and explain it.

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Internal Rate of Return IRR Calculation We can find the IRR using the Time Value of Money TVM concept Heres the formula and explanation Formula Future ... blur-text-image

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