Multiple Choice
Which of the following is the approximate internal rate of return for an investment that costs $33,550 and provides a $5,000 annuity for 10 years? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
A) 5%
B) 6%
C) 8%
D) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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