An additional lump sum payment of 13500 at the end of the

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Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $13,500 at the end of the 5th year. What is the expected rate of return on this investment?

Answer


a. 15.23%

b. 10.46%

c. 12.39%

d. 12.91%

Reference no: EM13569373

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