Question
Which of the following is the approximate internal rate of return for an investment that costs $34,850 and provides a $5,000 annuity for 10 years?
Which of the following is the approximate internal rate of return for an investment that costs $34,850 and provides a $5,000 annuity for 10 years? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.).
ultiple Choice
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5%
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4%
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10%
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7%
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
