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An original investment of $250,000 provides an ordinary annuity of $100,000 to be received at...

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Question

Accounting

An original investment of $250,000 provides an ordinary annuity of $100,000 to be received at the end of each of the next 3 years. The internal rate of return is _____.

A)

less than 2%

B)

2%%

C)

more than 2%

D)

insufficient information to answer

E)

none of the above

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