Question
Your investment advisor has offered you an investment that will provide you with one cash flow of $10,000 at the end of 20 years if
Your investment advisor has offered you an investment that will provide you with one cash flow of $10,000 at the end of 20 years if you pay premiums of $200 per year at the end of each year for 20 years. Find the Internal Rate of Return on this investment
What is the internal rate of return on this investment?
_____% ( Round to two decimal places)
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
