Following Is a Table for the Present Value of $1

question 48

Multiple Choice

Following is a table for the present value of $1 at compound interest: Following is a table for the present value of an annuity of $1 at compound interest: ​
-Using the tables provided, the internal rate of return of an investment of $227,460 that would generate an annual cash inflow of $60,000 for the next 5 years is

• A)6%
• B)10%
• C)12%
• D)cannot be determined from the data given

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