An investment of $185,575 is expected to generate returns of $65,000 per year for each of the next four years. What is the investment's internal rate of return?
Below is a table for the present value of $1 at compound interest.
Definitions:
Divergent Thinking
A thought process used to generate creative ideas by exploring many possible solutions, typically in a spontaneous and free-flowing manner.
Convergent Thinking
A cognitive process where an individual focuses on finding a single, correct solution to a problem.
Decisive
Showing the ability to make decisions quickly and effectively.
Alfred Binet
A French psychologist who, along with his colleague Théodore Simon, developed the first standardized test to measure intelligence.
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