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An investment of $185,575 is expected to generate returns of $65,000 per year for each...

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Accounting

An investment of $185,575 is expected to generate returns of $65,000 per year for each of the next four years. What is the investments internal rate of return?

Below is a table for the present value of $1 at compound interest.

Year 6% 10% 12% 15%
1 0.943 0.909 0.893 0.870
2 0.890 0.826 0.797 0.756
3 0.840 0.751 0.712 0.658
4 0.792 0.683 0.636 0.572
5 0.747 0.621 0.567 0.497

Below is a table for the present value of an annuity of $1 at compound interest.

Year 6% 10% 12% 15%
1 0.943 0.909 0.893 0.870
2 1.833 1.736 1.690 1.626
3 2.673 2.487 2.402 2.283
4 3.465 3.170 3.037 2.855
5 4.212 3.791 3.605 3.353

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