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Which of the following is the approximate internal rate of return for an investment that costs $58,880 and provides a $8,000 annuity for 10 years?

Which of the following is the approximate internal rate of return for an investment that costs $58,880 and provides a $8,000 annuity for 10 years? (PV of $1 and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Multiple Choice 8% 3% 4% 6%

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