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Suppose an investor has the opportunity to make an investment in real estate costing $3,170 that would provide him with cash income of $1,000 at

Suppose an investor has the opportunity to make an investment in real estate costing $3,170 that would provide him with cash income of $1,000 at the end of each year for four years. What investment yield, or internal rate of return would the investor earn on the $3,170?

9.99%

15.32%

112.57%

7.94%

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