An Investment of $1,000 Will Return $60 Annually Forever

question 79

Multiple Choice

An investment of $1,000 will return $60 annually forever.What is its internal rate of return?

• A) 6%
• B) 0.60%
• C) 16.67%
• D) 60%
• E) Cannot be determined.

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Definitions:

Ionic Bonding

A chemical bond formed between two ions with opposite charges through the transfer of electrons.

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in chemical bonds and electricity.

Transferred

Moved or shifted from one place, person, or thing to another.

Proton

Positively charged particle in the nuclei of atoms.