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Your father LeBron paid $230,000 for an investment that promises to pay $4,500 at the end of each of the next 5 years, then an

Your father LeBron paid $230,000 for an investment that promises to pay $4,500 at the end of each of the next 5 years, then an additional lump sum payment of $25,500 at the end of the 6th year. What is the expected rate of return (IRR) on this investment? Solve without Excel, please include equations and steps.

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