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Which of the following is the approximate internal rate of return for an investment that costs $16,199 and provides a $5,000 annuity for 4 years?
Which of the following is the approximate internal rate of return for an investment that costs $16,199 and provides a $5,000 annuity for 4 years? Present value of $1 7% 9% 10% 8% n=1 0.934579 0.925926 0.917431 0.909091 n-2 0.873439 0.857339 0.841680 0.826446 n=3 0.816298 0.793832 0.772183 0.751315 n=4 0.762895 0.735030 0.708425 0.683013 Present value of an ordinary annuity of $1 7% 8% 10% 9% 0.917431 0.909091 1,759111 1.735537 n=1 0.934579 0.925926 n=2 1.808018 1783265 n=3 2.624316 2.577097 2.531295 2.486852 n=4 3.387211 3.312127 3.239720 3.169865
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