Which of the Following Is the Approximate Internal Rate of Return

question 128

Multiple Choice

Which of the following is the approximate internal rate of return for an investment that costs $33,550 and provides a $5,000 annuity for 10 years?

• A) 5%
• B) 6%
• C) 8%
• D) 10%

---

Definitions:

Gastropods

A large class of mollusks that includes snails and slugs, characterized by a univalve shell or the absence of a shell.

Leeches

Parasitic or predatory worms belonging to the phylum Annelida and known for their use in medicine, especially for bloodletting.

Polychaetes

A class of annelid worms, characterized by having many legs or bristles, often living in marine environments.

Tapeworms

Parasitic flatworms that live in the digestive tract of vertebrates, absorbing nutrients from the host's intestine.