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%
B) 9.02%
C) 10.51%
D) 11.29%
Correct Answer:
Verified
Correct Answer:
Verified
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