Determine the rate of return on this investment

Reference no: EM132194211

Question - An investment of $12,000 today will pay 6 yearly payments of $5,000 each. Determine the rate of return on this investment to the second decimal place.

A) 31.85%

B) 34.69%

C) 37.43%

D) 35.63%

Reference no: EM132194211

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