A deposit of $100,000 is made to an investment account today. At the end of...
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Finance
A deposit of $100,000 is made to an investment account today. At the end of the each of the next four years, $10,000 must be paid out to a beneficiary, and the account liquidated at the end of the year four. If the liquidation value is $120,000, the account has earned an annual internal rate of return of:
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