Multiple Choice
A financial asset will pay you $50,000 at the end of 20 years if you pay premiums of $975 per year at the end of each year for 20 years. What is the IRR of this financial asset?
A) 8.64 percent
B) 9.02 percent
C) 10.51 percent
D) 11.29 percent
Correct Answer:
Verified
Correct Answer:
Verified
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