Jerry Hall Invested in a Project That Required an Initial

question 144

Multiple Choice

Jerry Hall invested in a project that required an initial amount of $52,160, and returned cash inflows of $10,000 per year for 10 years. A partial table of the present value of an annuity of $1 in arrears is as follows: What is the internal rate of return for this investment?

• A) 8%
• B) 10%
• C) 12%
• D) 14%
• E) 16%

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Definitions:

Authoritative

Relating to or exhibiting control, leadership, or certainty in a manner that commands respect.

Vicarious Conditioning

Learning through observing others being rewarded or punished for their behaviors.

Modeling

A learning method that involves observing, identifying with, and imitating the behavior of others.

Developmental Psychologist

A psychologist specializing in understanding how people grow and change throughout their lives, from infancy through old age.