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Task #9 (Retirement annuity). An insurance company offers a retirement annuity that pays for 15 years. It pays $100,000 in the first year an d
Task #9 (Retirement annuity). An insurance company offers a retirement annuity that pays for 15 years. It pays $100,000 in the first year an d then grows at aninfation-compensator rate of 3% until year 15, and sells for $806070.Wha t is the internal rate of return?
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