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A Financial Asset Will Pay You $10,000 at the End

Question 23

Multiple Choice

A financial asset will pay you $10,000 at the end of 10 years if you pay premiums of $175 per year at the end of each year for 10 years. What is the IRR of this financial asset?


A) 33.26 percent
B) 34.98 percent
C) 35.93 percent
D) 36.72 percent

Correct Answer:

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