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Solve the following rate of return problems. An investment of $1,500 today returns $62,000 in 50 years. What is the internal rate of return on
Solve the following rate of return problems.
- An investment of $1,500 today returns $62,000 in 50 years. What is the internal rate of return on this investment?
- An investment costs $750,000 today and promises a single payment of $12.7 million in 22 years. What is the promised rate of return, IRR, on this investment?
- What return do you earn if you pay $23,430 for a stream of $4,000 payments lasting 10 years?
Note: Round your answers to 2 decimal places.
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